Get started for free. 29Which of the following is not true for limited partnerships.
COnly the name of general partners can appear in the name of the firm.
Which of the following is not true of a corporation?. Names of the initial officers and their terms of office. LESSON NEW SUPER DRAFT. C One-half of the cost of business meals is not deductible.
B It may sue and be sued. Ownership is easily transferable d. Directors owe a fiduciary duty to the corporation.
Ca corporation can own property in its name. A Interest expense is not deductible if the loan is used to purchase municipal bonds. Stocks of companies in a related industry.
It may buy own and sell property. In a close corporation the shareholders lack a readily. It may enter into binding legal contracts in its own name.
Regarding such duties which ONE of the following statements is NOT true. All shareholders owe a fiduciary duty to the corporation. The three basic types of business ownership are Find and create gamified quizzes lessons presentations and flashcards for students employees and everyone else.
Corporations invest in other companies for all of the following reasons except to. Which of the following is not true of a corporation. K – Professional development.
Which of the following is true. There may be thousands even millions of stockholders in a public company. C The acts of its owners bind the corporation.
C If the corporation went bankrupt but owed creditors other than Roth Kent would be in a worse. A It may buy own and sell property. A corporation is not allowed to hold public office or vote but it does pay income taxes.
Which of the following is not true of a corporation. Increase trading of the other companies stock. It may sue and be sued.
D It may enter into binding legal contracts in its own name. It may enter into binding legal contracts in its own name. Athe financial loss that a stockholder may suffer from owning stock in a public company is limited.
Corporation are required to file federal income tax return. Which of the following is a true statement. They attend to the actual legal formation of a corporation.
A The partners are under a duty to account for any profits made whilst competing with the firm. The owners are personally liable for corporate actions. B Insurance premiums are not deductible if paid for key-employee life insurance.
Which of the following is NOT true of a C corporation. Directors who act in good faith may use the business judgment rule as a defense. House excess cash until needed.
Which of the following statements is not true. D All of these choices are true. B If a partner makes a profit using information gained from inside the firm but uses that information in a venture that is outside the firm he may keep that profit.
It is a legal entity separate from its owners. Which of the following statements is true about business intelligence. In a limited partnership limited partners cannot participate in the management of the partnership ie writing checks without incurring personal liability C.
Which of the following is not true of promoters of a corporation. ALimited partners can only manage the business. Name of the state in which the corporation will maintain its principal place of business.
Identify the effect the declaration of a stock dividend has on the par value per share and book value per share. Preview this quiz on Quizizz. It may sue and be sued.
Officers owe a fiduciary duty to the corporation. A typical investment to house excess cash until needed is. Which of the following is not true concerning corporations.
Names of states in which the corporation will be doing business. It may be established as a profit making or nonprofit organization and may be publicly or privately held. In general which of the following must be contained in Articles of Incorporation.
The stock of a public company is traded on a stock exchange. They assemble the necessary assets to start a corporation. A The corporation is not liable for the damage caused by the action of its employee Jack.
They arrange for capital and financing to start a corporation. Bcash dividends paid by corporation are deductible as expenses by the corporation. Which of the following is not true of a corporation a It may buy own and sell from Fin 201 at University of Mississippi.
1Which of the following is not true of a corporation. Owners including stockholders can be personally liable for the companys debts b. It may buy own and sell property.
B Kent is liable for the damage to Roth and the camera if neither Jack nor the employercorporation has sufficient funds. In a limited liability partnership partners are not personally liable for the commercial obligations of the business B. Classes of stock authorized for issuance.
BOne general partner must exist who has unlimited liability. E None of the choices are true. A It is the act of outsourcing tasks traditionally performed by an employee or contractor to an undefined large group of people or community through the use of information technology.
A corporate charter must be approved c. The acts of its owners bind the corporation. DLimited partners may sell their interest in the company.