ACCT 212 Wk 7
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Acct 212 week 7 quiz 100 solutions v1 devry university
- Exam (elaborations) • 3 pages • 2024
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1. The advantages of a corporation compared to a sole proprietorship or partnership 
include: 
Lower total taxes. 
The ability of stockholders to make operating decisions for their company. 
Limited liability. 
Less paper work. 
2. Preferred stock is called preferred because it usually has two preferences over 
common stock. These preferences relate to: 
Dividends and voting rights. 
Par value and dividends. 
The preemptive right and voting rights. 
Dividends and distribution of assets if the co...
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