Download Acc Ch-5 Lecture Note PDF Free - Full Version
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About Acc Ch-5 Lecture Note
1) A corporation is a separate legal entity created by law that has stockholders as owners. It allows for limited liability and easy transfer of ownership via stock shares. 2) Key characteristics include being a separate legal entity, transferable ownership through stock shares, limited liability for stockholders, potential separation of ownership and management, and being a taxable entity. 3) Advantages include limited liability, ease of capital accumulation, continuous life, and management specialization. Disadvantages include double taxation and potential conflicts of interest between owners and managers.
Detailed Information
Author: | ['Blen tesfaye'] |
---|---|
Publication Year: | 2021 |
Pages: | 14 |
Language: | English |
Format: | |
Price: | FREE |
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