Candace is considering incorporating her photography business and knows that there are many drawbacks, except

A Corporate Director (member of the Board of Directors) for a large shipbuilding company, is approached by Universal Studios. Like Disney, Universal Studios would like to have a cruise line. The shipbuilding company does not make cruise ships, though they do make ocean liners that could probably be converted. The Director is friends with several members of another shipbuilding company and suggests that they could spin-off to start making cruise ships for Universal. Which violation of his duty to the Corporation is this? A group of answer choices selects one   A. He was Acting Outside of Authority B. He breached his duty to not self-deal C. He usurped a corporate opportunity D. He did not violate his corporate duty, because the shipbuilding company he is a director of did not make cruise ships

Due to recent beef recalls southwest steakhouse is considering incorporating. Bob the owner wants to protect his personal assets in the event the restaurant is sued. SEE THE QUESTIONS ATTACHED BELOW.

Select the best answer. Which of the following statements regarding various entities is true? O O O A. A business entity with only one owner is classified as a corporation or is disregarded. ion Q 10 B. A disadvantage of a pass-through entity is double taxation. C. By default, an eligible entity that has a single member will be treated as a limited partnership. Partnerships are taxpaying entities, because tax attributes pass through to the individual partners. O D. Submit Answers 100% Complete Exit

One of the cofounders of Project Repat is no longer with the company, although he retains a small ownership stake. What complications might this change have  caused if Project Repat was set up as a partnership rather than a corporation?

Which of the following factors contributes to an investor having significant influence over an investee?   Question 2 options:   a)  Insignificant transactions occur between the investor and the investee.   b)  The investor owns more than 50% of the common shares outstanding of the investee.   c)  There is an interchange of managerial personnel between the investor and investee.   d)  The investor is not represented on the board of the investee.

Jordan’s response about the financial statement impact of Alpha’s decision to capitalize thecost of its new computer system is most likely correct with respect to:A. lower net income.B. lower total assets.C. higher cash flow from operating activities.

Bob, risk manager from Travelers, mentioned that Travelers has the following two insurance programs, one for property coverage and one for liability coverage: I. Insurance program “A” is for liability coverage because Travelers is exposed to a high degree of professional liability risk so a low-deductible policy will protect the company from liability losses II. Insurance program “A” is for property coverage because Travelers owns a very valuable building and is concerned with the maximum probable loss of its property in a catastrophic event III. Insurance program “B” is for liability coverage because Travelers’ liability losses are relatively manageable so it saves the company insurance premiums by maintaining a larger deductible     Bob, risk manager from Travelers, mentioned that Travelers has the following two insurance programs, one for property coverage and one for liability coverage: I. Insurance program “A” is for liability coverage because Travelers is exposed to a high…