A factor which distinguishes the corporate form of organization from a sole proprietorship or partnership is that a
A) corporation is organized for the purpose of making a profit.
B) corporation is subject to more federal and state government regulations.
C) corporation is an accounting economic entity.
D) corporation's temporary accounts are closed at the end of the accounting period.
Correct Answer:
Verified
Q97: A net loss
A)occurs if operating expenses exceed
Q98: Instructions
On the basis of the explanation for
Q99: As soon as a corporation is authorized
Q100: Cash dividends are not a liability of
Q101: The stockholders' equity statement shows the changes
Q103: What is ordinarily the first step in
Q104: The sale of common stock below par
A)is
Q105: Era Company has 3,000 shares of 6%,
Q106: The following data is available for Blaine
Q107: The date on which a cash dividend
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents