Identify each of the following corporations, proprietorships,and/or patnerships.
ID: 2502228 • Letter: I
Question
Identify each of the following corporations, proprietorships,and/or patnerships. Some items have more than one answer. a. distinct legal entity separate from its owners. b. more than one owner. c. ownership by stockholders. d. controlled by a board of directors. e. legal identity changes when a company is sold. f. limited liability. g. mutual agency. h. access to large amounts of capital. i. direct taxation of profits. j. moral hazard usually not a major problem. Identify each of the following corporations, proprietorships,and/or patnerships. Some items have more than one answer. a. distinct legal entity separate from its owners. b. more than one owner. c. ownership by stockholders. d. controlled by a board of directors. e. legal identity changes when a company is sold. f. limited liability. g. mutual agency. h. access to large amounts of capital. i. direct taxation of profits. j. moral hazard usually not a major problem.Explanation / Answer
a Distinct legal entity separate from itsowmers Corporations b more than one owner Partnerships & Corporations c ownership by stockholders Corporations Partnership d controlled by board of directors Corporations e Legal identity changes when a company issold Propreitorships Partnerships f Limited Liability Corporations g mutual Agency Partnership h Access to large amounts of capital Corporations i Direct Taxation of profits corporations j Moral hazard usually not a problem propreitorships