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WGU D362 CORPORATE FINANCE EXAM LATEST 2024 WITH ACTUAL QUESTIONS AND CORRECT VERIFIED ANSWERS/ALREADY GRADED A+ 100% GUARANTEED TO PASS CONCEPTS(ALL WHAT YOU NEED) LATEST EDITION 2024 $28.99
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WGU D362 CORPORATE FINANCE EXAM LATEST 2024 WITH ACTUAL QUESTIONS AND CORRECT VERIFIED ANSWERS/ALREADY GRADED A+ 100% GUARANTEED TO PASS CONCEPTS(ALL WHAT YOU NEED) LATEST EDITION 2024
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Course
WGU D362 CORPORATE FINANCE
Institution
WGU D362 CORPORATE FINANCE
WGU D362 CORPORATE FINANCE EXAM LATEST 2024 WITH
ACTUAL QUESTIONS AND CORRECT VERIFIED
ANSWERS/ALREADY GRADED A+ 100% GUARANTEED TO
PASS CONCEPTS(ALL WHAT YOU NEED) LATEST EDITION 2024
WGU D362 CORPORATE FINANCE EXAM LATEST 2024 WITH
ACTUAL QUESTIONS AND CORRECT VERIFIED
ANSWERS/ALREADY GRADED A+ 100% GUARANTEED TO
PASS CONCEPTS(ALL WHAT YOU NEED) LATEST EDITION 2024
Last year, a company filed an income tax return and paid taxes on its net
income. From this net income, the company paid cash dividends to its
shareholders, who were required to pay taxes on the dividends they received.
Which type of business organization is this company?
S-corporation
Partnership
C-corporation
Limited liability company (LLC) - ANSWER-A major disadvantage of a C-
corporation is that it must pay taxes on the income it earns. If the corporation
pays a cash dividend, the stockholders must also pay taxes on the dividends
they receive. Thus, the owners of C-corporations are subject to double
taxation—first at the corporate level and then at the personal level when they
receive dividends.
What are two key characteristics of an S-corporation? Choose two answers.
Costlier to establish than a sole proprietorship or a partnership
Unlimited number of stockholders
, Limited liability of owners
Double taxation - ANSWER-"Costlier to establish than a sole proprietorship or a
partnership" is correct. Starting a corporation is costlier than starting a sole
proprietorship. For example, it requires writing articles of incorporation and by-
laws that conform to the laws of the state of incorporation.
"Limited liability of owners" is correct. A major advantage of a corporation is
that stockholders have limited liability for debts and other obligations. Owners
of corporations have limited liability because corporations are legal persons
that take actions in their own names, not in the names of individual owners.
What are two key characteristics of a C-corporation? Choose two answers.
Inexpensive formation
Access to capital
Unlimited liability of owners
Double taxation - ANSWER-"Access to capital" is correct. Shares in a
corporation can be sold to raise capital from investors who are not involved in
the business. This can greatly increase the amount of capital that can be raised
to fund the business.
"Double taxation" is correct. A major disadvantage of a C-corporation is that it
must pay taxes on the income it earns. If the corporation pays a cash dividend,
the stockholders must also pay taxes on the dividends they receive. Thus, the
owners of C-corporations are subject to double taxation—first at the corporate
level and then at the personal level when they receive dividends.
A new corporation is being formed, and reporting standards are being
considered.
Who reports directly to the owners in this business structure?
Board of directors
Chief financial officer (CFO)
Audit committee
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