A potential drawback of sole proprietorships and partnerships is that the parties involved have:
a. limited financial liability b. only corporate liability c. unlimited liability
d. partial protection from creditors for business debts
e. only corporate liability and partial protection from creditors for business debts
c
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Which of the following is NOT an explanation for why micro-marketing may cost too much in some firms?
A. Financial managers reduce finished-product inventories and force "out of stock" situations. B. Some managers make decisions as if customers are eagerly awaiting any product they produce. C. Marketing managers do target marketing. D. Production managers focus on designing products that are easy to make. E. Some managers don't see a business as a "total system" focused on customers.
Performing or promising to perform what one is already obligated to do is a valid consideration
Indicate whether the statement is true or false
Which of the following is not one of the unique considerations in developing applications for a mobile platform?
A) Reduced screen space B) Keyboard configuration C) User gestures D) Bandwidth constraints E) Multiple mobile platforms
Caesar owns 100% of Roman Company and his basis in its stock is $35,000. He receives cash of $10,000 and property with FMV of $30,000 and basis of $50,000 in complete liquidation of his ownership interest. As a result of this transaction, which of the following statements is incorrect?
A. Caesar has a nontaxable return of capital of $35,000. B. Caesar reports a capital gain of $5,000. C. Roman Company records a loss of $20,000. D. Caesar reports dividend income of $40,000.