Author Question: Which of the following is nota characteristic of a corporation? a. Corporations are organized as a ... (Read 58 times)

ENagel

  • Hero Member
  • *****
  • Posts: 540
Which of the following is nota characteristic of a corporation?
 a. Corporations are organized as a separate legal taxable entity.
  b. Ownership is divided into shares of stock.
  c. Corporations experience an ease in obtaining large amounts of resources by issuing stock.
  d. A corporation's resources are limited to its individual owners' resources.

Question 2

Clark County was hired by Catlett City, the largest city in the county, to maintain some of its roads. Clark County billed Catlett City for its cost of maintaining the roads. The amount of the billing was 60,000 .
 
  Clark County should report the 60,000 as
  A. An other financing source.
  B. A revenue.
  C. A reduction of expenditures.
  D. A gain on work performed for other governments.



dominiqueenicolee

  • Sr. Member
  • ****
  • Posts: 314
Answer to Question 1

d

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

For a complete list of videos, visit our video library