Matching
The following is a list of characteristics applicable to corporations:
Match the following:
Premises:
Potential for additional tax
Limited liability of shareholders
Continuous life
Potential for deferred or reduced tax
Separate legal entity
Government regulations
Transferable ownership rights
Ability to acquire capital
Responses:
Advantage
Disadvantage
Correct Answer:
Premises:
Responses:
Potential for additional tax
Limited liability of shareholders
Continuous life
Potential for deferred or reduced tax
Separate legal entity
Government regulations
Transferable ownership rights
Ability to acquire capital
Premises:
Potential for additional tax
Limited liability of shareholders
Continuous life
Potential for deferred or reduced tax
Separate legal entity
Government regulations
Transferable ownership rights
Ability to acquire capital
Responses:
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