Which of the following characteristics is an advantage of the corporate form of business?a.Separation of ownership and managementb.Higher degree of government regulationc.The potential to raise large amounts of capitald.Double taxation

Corporation is a business type where the identity of corporation is different from its owners. The…

Answered: Which of the following characteristics…

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Which of the following characteristics is an advantage of the corporate form of business? a. Separatio

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Which of the following characteristics is an advantage of the corporate form of business?

Separation of ownership and management

Higher degree of government regulation

The potential to raise large amounts of capital

Double taxation

Rules by which an authority (usually a government) imposes a financial obligation on individuals or organizations within its domain. Property or transactions can be taxed. While taxes are primarily intended to fund the operation of a government, many tax laws are created to encourage or discourage certain behaviors by citizens or companies.

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