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Acc Ch-5 Lecture Note PDF

14 Pages·2021·English
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by ['Blen tesfaye']| 2021| 14 pages| English

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:PDF
Price:FREE
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