Which of the following is incorrect regarding for-profit corporations? Multiple Choice Most business are for-profit corp ons. They do not issue stock to their shareholders. The profit they generate may take the form of dividends paid by the corporation.

Q: Corporations are not without certain disadvantages. Most corporations are taxable entities, and…

A: Corporation earns profits, it is required to pay corporate income taxes on those earnings.…

Q: Double taxation of corporate income results because dividend distributions are included in a…

A: Double taxation means tax is levied twice on the same source of income or financial transaction.…

Q: A limited liability company's profits are “passed through” to its members.  Those members pay Group…

A: Limited Liability Company: It is a legal entity where the members of the company are legal indebted…

Q: 46. Which of the following is not one of the advantages of organizing a business as a corporatiot a.…

A: Corporation: Corporation is an entity incorporated under the authorized corporate laws of a country…

Q: Owners of preference shares often do not have:   A Voting rights. B The right to sell their shares…

A: Solution- Preference shares, more commonly referred to as preferred stock, are shares of a company’s…

Q: Which of the following is not an advantage of a corporation? O Double taxation Continuous life…

A: Double taxation means income tax paid twice on company's income.So, it is not an advantage for…

Q: Characteristics of a corporation include

A: Shareholders are the owner of the shares issued by the company. They have the power to vote and…

Q: A constructive dividend is the manner in which the IRS or the courts recharacterizes an excessive…

A: Dividend is the part or share of profits which is being distributed or paid to the shareholders as…

Q: True or False. a corporation is cease to exist when its shareholders sell their stock.

A: Company means the form of business where management is separately from owner and have perpetual…

Q: A C corporation can be described as:  (a) A business that is separate and distinct from its owners,…

A: Introduction:- There are primarily three types of corporations that businesses form based on…

Q: Which, if any, of the following can be eligible shareholders of an S corporation?   a.  A Roth…

A: An S Corporation is a special type of corporation which is established for the purpose of federal…

Q: Which one of the following statements regarding companies is true? Select one: OA. A company does…

A: A. A company does not have a separate legal identity to its owners. One of the characteristics of…

Q: Can the members of a non-stock corporation receive compensation

A: non stick corporations are that corporations which do not issue stock to members. Members who are…

Q: Of the following statements, which are true for the corporate form of organization? 1. Ownership…

A: The corporate form of organization is a legal framework that enables the formation of an entity that…

Q: From a tax perspective, and disregarding other issues such as limited liability, does it always make…

A: A sole proprietorship is a business owned and controlled only by one person. Because it is a…

Q: True or false    Corporations are legal entities separate from their owners and offer the…

A: 1. Corporation's main advantage is that the entity is separate from the owners. Hence the liability…

Q: Indicate whether each of the following statements is true or false. 1. 2. 3. 4. 5. The corporation…

A: Capital That's Been Authorised Capital is the maximum amount of share capital that a business is…

Q: Which of the following statements are true regarding corporations

A: A corporation is a type of legal body that is controlled by a board of directors and owned by…

Q: True or False 1. Whether or not the contracts and transactions entered into by a corporation…

A: Hi student, you have asked multiple questions in one go which are not inter-linking. According to…

Q: The advantages of owning a corporation include a. Difficulty in transferring ownership. b. Limited…

A: Corporation: A corporation is an organization—usually a group of people or a company—authorized by…

Q: Which of the following least likely distinguishes nonprofits from for-profit corporations? a) Profit…

A: Profits are the money a company makes after subtracting all costs and taxes from its total revenue.…

Q: A corporation is recognized as a "person." A. B. True False A publicly held corporation is a private…

A: A corporation is a legal entity created under the laws of a particular state or jurisdiction. It is…

Q: Which of the following is not true of a corporation? A corporation has easy transferability of…

A: See table for additional informations..The concept of limited liability is a fundamental…

Q: Which of the following is an advantage of a corporation? ANSWER O O O C The earnings of a…

A: Solution: The advantage of a corporation is  "Transfer of a corporation ownership is easy"

Q: Identify the advantages of forming a business as an S Corporation. Multiple Choice O O owners avoid…

A: An S corporation is a separate legal entity that elects to be taxed under sub chapter S of chapter 1…

Q: How are shareholders of a corporation viewed in legal terms? O None of these describe the legal…

A: This is thus because, inside a company, the owners, or shareholders, and the corporation itself are…

Q: Which of the following is true for a Limited Liability Company (LLC)? business income is taxed at…

A: A company is an organization formed by a group of individuals. This group of individuals have a…

Q: One of the following characteristics of a corporation is deemed a disadvantage. Which is it? a.…

A: Corporation is a finance by the shareholders and handled by the management and employees. We can…

Q: What is the reason for renewed interest in not-for-profits corporations?

A: Non-profit corporation  owners do not make a profit. The money of a not-for-profit organisation is…

Q: What advantages does a corporation have over a sole proprietorship? Whatare the disadvantages of a…

A: There exist different forms of business structures from which we can choose while incorporating a…

Q: Which one of the following is not an ownership right of a stockholder in a corporation? * O To vote…

A: Introduction: Stockholder: One who holds stocks of the corporation called as stockholder of the…

Q: Which of the following would not be true of a privately held corporation? * It is sometimes called a…

A: Privately held corporation is also known as closely held corporation as its shares are held by small…

Q: A corporate distribution is includible in a shareholder’s gross income to the extent that it is a…

A: A dividend is a dispersion of benefits by an organization to its investors. At the point when a…

Q: In a close corporation, the controlling shareholders are usually the only people who manage and…

A: A close corporation  is a corporation which does not exceed a statutory defined number of members…

Q: A C-corporation has the following advantages EXCEPT limited liability avoiding double taxation…

A: Corporation- A corporation is a separate legal entity that is separate and distinct from its owners.…

Q: Which of the following is true of a "Subchapter S Corporation"? O The corporation is subject to…

A: Business organization is formed to carry out the commercial activities. Some examples of business…

Q: What is a disadvantage of the corporate form? O Profit O Revenue Owners have very little influence…

A: Eliminating the incorrect options:A. Profit: Profit is not a disadvantage of the corporate form of…

Q: Corporate dividends represent: Multiple Choice о O tax-free income for the recipient because they…

A: Understanding the taxation of corporate dividends is critical for both corporations and individual…

Q: 1) What does the phrase ‘company limited’ means in a business name? 2)Explain why a sole trader…

A: A business entity having its name ending with company means that the company and the owners are…