First answer which advantage of incorporating is most applicable in protecting Bob's personal assets?
A. A corporation has continuous life.
B. There is a mutual agency among the stockholders.
C. Corporations can raise more money to pay for government regulations.
D. The transfer of corporate ownership is easy.
E. Stockholders have limited liability.
Answer: A. A corporation has continuous life.
You might also like to view...
After handling an employee outburst, the leader should ______.
A. walk away and forget about it B. call the other employees together and tell them the behavior will not be tolerated C. question their own behaviors and the environment they have created D. fire the employee immediately
________ are the taken-for-granted beliefs and philosophies that are so ingrained that employees simply act on them rather than questioning the validity of their behavior in a given situation.
A. Basic underlying assumptions B. Observable artifacts C. Rituals D. Stories E. Espoused values
Which of the following statements about mutual savings banks are true?
A) There are currently under 200 mutual savings banks in the United States. B) Most mutual savings banks are federally chartered. C) Both A and B of the above are true. D) None of the above are true.
If the business usage of listed property is less than or equal to 50% of its total usage, depreciation is calculated using the
A) regular MACRS tables. B) alternative depreciation system. C) regular MACRS tables and a mid-month convention. D) It may not be depreciated.