Rsm100 midterm 1 qa 2024 - Study guides, Class notes & Summaries

What are the advantages of a corporation - Answer-limited liability, more trustworthy, defer taxes, government incentives Disadvantages of a corporation - Answer-double taxation, slower decision making, more paperwork, harder to dissolve what are common shares - Answer-elect board of directors, leftover money after dividends are distributed what are preferred shares - Answer-paid before common shares, limited dividends what are 5 types of shares - Answer-convertible, redeemable, part...