10. A corporation and a limited liability company are the same in all of the following except:A) Easily transfer ownersh...

Get help with any kind of assignment - from a high school essay to a PhD dissertation

10. A corporation and a limited liability company are the same in all of the following except:

A) Easily transfer ownership

B) Limited Liability to the owners

C) Double Taxation

D) Filed with the state


11. Which government office do companies file LLC paperwork?

A) Court Clerk

B) Corporation Commission

C) Secretary of State

D) Governor’s Office


12. Which of the following goals of the firm are synonymous (equivalent) to the maximization of shareholder wealth?

A) Profit Maximization

B) Risk Minimization

C) Maximization of the total market value of the firm’s common stock

D) None of the above


13. Which of the following statements below are true?

A) The sole proprietorship and the general partnership both feature unlimited liability.

B) A corporation is the business form that is typically the most complicated (legally) to establish.

C) The corporation and the limited partnership both provide at least some owners with limited liability.

D) All of the above

16. _________________ involves accounting for the effort of an economic activity, or transaction, on an entity when the activity occurred, rather than when the cash receipt or payment takes place.

A) Accrual Accounting

B) Cost Accounting

C) Cash Accounting

D) None of the Above


17. As it relates to financial reporting, which of the following is NOT required of an accounting entity?

A) A financial statement presenting the amount that the entity expects to earn next year.

B) A financial statement presenting the financial position of the entity at a point in time.

C) A financial statement presenting the results of the entity’s operations for a period of time.

D) A financial statement summarizing the entity’s cash flow for a period of time.

23. All firms within an industry are required to provide information in the exact same format so that each firm can be compared to the other.

TRUE or FALSE












OUR SERVICE CHARTER







  • Excellent Quality Work

    Grammar is one of the elements that we take seriously in our service delivery. Beside the use of spell checkers, we progressively take our writers through the essentials of a quality paper that features information clarity. Importantly, we encourage our writers to avoid coming up with a paper that deviates from the elements that appear on the client’s instruction brief. It means that the papers that we deliver denote well researched information that is rich in details. Additionally, the papers usually contain exhaustive details on any instruction that a client submitted. It is the tireless application of our writers’ efforts that makes us stand out when it comes to the delivery of excellent quality work. Notably, our writers use quality resources when digging up information that a paper requires. They are usually aware of the sources that contain rich information. Our past clients have proved that we give nothing short of quality work through giving us a positive feedback.
  • 100% Confidentiality

    We mind about the interests of our clients holistically. It is for this reason that we maintain high-level confidentiality in regard to our clients’ personal information. Importantly, we use the information for purposes that relate with our services only. The only information that we require relates to our clients’ writing needs. It is also important to note that our clients’ payment information is secure with us. If there is any query in regard to the payment information, then our support team is always willing to provide any clarifications in a prompt manner. Confidentiality extends to the fact that a client made use of our services. It means that we hold our relationship with our clients in secrecy. Importantly, our confidentiality measures beat any advanced security measure that can identify any information regarding our relationship with our clients. It means that our clients transact with us freely without any fear of information leakage.
  • Professional Academic Writers

    An academic degree is one of the qualifications that our writers hold. This is only a minimum requirement that we ask from our writers, but the team also has writers who possess higher educational credentials. It means that the team comprises of competent writers who have gone through institutions of higher learning and passed their exams. Subsequently, the writers have a good grasp of what our clients require. It is notable that our writers not only want to apply their acquired knowledge, but they are also willing to help our clients to outperform them. This is a clear indication of a team that is willing to walk an extra mile. We uphold professionalism in our operations, and our clients should look forward to receive services from a team of experts. It is the spirit of value addition that makes us to scale any heights in order to deliver and outperform our clients’ expectations.
  • 24/7 Customer Support

    Our team of writers prides in high-level competence. The writers have the required expertise that enables them to deliver quality papers that match with the requirements of the grading rubric. In the absence of the rubric, we ensure that the writers follow the clients’ instruction brief to the letter. We can confidently assure our clients to expect nothing short of a pass from the papers that we deliver. Importantly, we have qualified writers who handle different areas of study. This diversification enables us to allot clients’ orders to the writer who is well seasoned in the subject area of study. It also enables the team to become more professional due to specialization. Our clients should put their trust in our service delivery and expect to successfully attain high grades at all times. The fact that we offer free revision reflects our dedication in delivering high quality papers that match with our clients’ expectations.