Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 3 Days Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 20 Sep 2017 My Price 4.00

business in proportion

1.    When a business is organized as a corporation, which of the following statements is true?

a.       Stockholders are liable for the debts of the business in proportion to their percentage ownership of capital stock.

b.       Stockholders do not have to pay personal income taxes on dividends received, because the corporation is sub- ject to income taxes on its earnings.

c.       Fluctuations in the market value of outstanding shares of capital stock do not affect the amount of stockhold- ers’ equity shown in the balance sheet.

d.        Each stockholder has the right to bind the corporation to contracts and to make other managerial decisions.

Answers

Maurice Tutor
(5)
Status NEW Posted 20 Sep 2017 02:09 PM My Price 4.00

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