Which of the following statements are true regarding corporations? Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect. It has many of the same rights as an individual. The sale of shares from one stockholder to another does not impact operations. An exception is when it changes the makeup of directors. Stockholders are expected to hire and fire key executives. It does not end with the death of an owner. Corporate income that is distributed to shareholders is usually taxed twice. Corporations are often subject to fewer regulations than partnerships. The president and vice presidents choose the board of directors.

Which of the following statements are true regarding corporations? Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect. It has many of the same rights as an individual. The sale of shares from one stockholder to another does not impact operations. An exception is when it changes the makeup of directors. Stockholders are expected to hire and fire key executives. It does not end with the death of an owner. Corporate income that is distributed to shareholders is usually taxed twice. Corporations are often subject to fewer regulations than partnerships. The president and vice presidents choose the board of directors.

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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Public corporations: Multiple Choice are businesses whose stock is bought and sold on a stock exchange. are businesses owned by two or more people, each of whom is personally liable for the debts of the business. are businesses whose stock is bought and sold privately. are setup for non-profit purposes.
Write T or F. Then briefly explain. 1. Shareholders can transact business on behalf of the corporation. 2. All incorporators are shareholders but not all shareholders are incorporators.
. Buying shares in a corporation is attractive to investors because: a All of these answers are correct. b Shares are easily transferred c Shareholders are not liable for the corporation's actions and debts d Shareholders are not agents of the corporation e A corporation has unlimited life. PLEASE EXPLAIN YOUR ANSWER AND DO NOT COPY FROM OTHER SOURCES AND ALSO NOT GIVEN IN IMAGE FORMAT
When you are purchasing a company stock, you are purchasing part of the company. True False
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
(Multiple Choice) Which is true about corporations? 1. Managers almost always own shares in the corporation they work for 2. The Board of Directors votes for the people who are allowed to purchase shares 3. As a shareholder, if you want to have a say in how the company is run, it is best to own common shares 4. As a shareholder, if you want to have a say in how the company is run, it is best to own preferred shares
True or False. Please explain. Shares cannot be transferred without the consent of the other shareholders.
Which of the following represents one of the basic rights of stockholders? a. Stockholders may sell their stock back to the company if they wish. b. Stockholders may authorize a business contract on behalf of the corporation. c. Stockholders may determine at what price the company issues stock. d. Stockholders may participate in management by voting on corporate matters.
While corporations might have multiple issues of bonds or preferred stock, no corporations have multiple classes of common stock. While corporations might have multiple issues of bonds or preferred stock, no corporations have multiple classes of common stock. True False Give typing answer with explanation and conclusion
In some circumstances, corporations will buy back their own stock – called Treasury Stock. Identify three reasons why a company may choose to do so.
What is a good response to? A shareholder has a non-controlling interest in a company if the shareholder does not own enough equity in the company to shape decision-making at the firm (Hayes, 2024; “Non-controlling”, 2024). In order to determine the shareholder’s non-controlling interest balance in a company at the start of the period, the accountant first calculates the fair value of the non-controlling interest. Next, the employee calculates the change in the company’s retained earnings that is proportional to the non-controlling interest (Hoyle et al., 2024). The accountant adds this number to the fair value of the non-controlling interest. Then, the employee subtracts the excess fair value amortizations that are proportional to the non-controlling interest from the aforementioned amount (Hoyle et al., 2024). The result is the non-controlling interest balance at the start of the period. To calculate the non-controlling interest balance at the end of the period, the accountant adds…
Under the corporate form of business organization, Group of answer choices a)ownership rights are easily transferred b)a stockholder is personally liable for the debts of the corporation c)stockholders’ acts can bind the corporation even though the stockholders have not been appointed as agents of the corporation d)stockholders wishing to sell their corporate shares must get the approval of other stockholders