Exam (elaborations)
Sophia Pathways Accounting - Final Milestone,100% CORRECT
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Which of the following is a major advantage to forming a corporation? • Lenders of a corporation do not have the right to claim the corporation's assets to pay its debts. • The income from a corporation is not taxed. • Stockholders have limited liability for the debts of the corporation. • A corporation is usually managed by its owners. CONCEPT Businesses and Organizations 2 Which of the principles below does Val follow when she reviews her records to make sure that recorded accounting events correspond to the actual costs? • Full disclosure principle • Time period principle • Measurement principle • Matching principle CONCEPT Conceptual Framework and Principles
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Institution
University Of Pheonix
Course
ACC 100
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- Institution
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University Of Pheonix
- Course
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ACC 100
Document information
- Uploaded on
- January 31, 2022
- Number of pages
- 15
- Written in
- 2021/2022
- Type
- Exam (elaborations)
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1 which of the following is a major advantage to forming a corporation • lenders of a corporation do not have the right to claim the corporations assets to pay its debts • the income from a
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