1) which of the following is true of a corporation? a) Government regulation is

Question

1) which of the following is true of a corporation?

a) Government regulation is inexpensive and doesn't cost corporations any additional cost.

b) income of a corporation is subject to double taxation.

c) a Corporation has a limited life.

d) the owners of a corporation have unlimited liabilites for the corporations debt.

2) outstanding stock refers to the:

a) shares of stock that are held by the stockholders..

b) shares of stock that have been sold for the highest price.

c) total amount of stock that has been authorized by state law.

d) total amount of stock that has not been sold yet.

3. A bond is issued at premium:

a) when a bonds stated interest rate is equal to the market interest-rate.

b) when a bonds stated interest rate is less than the effective interest-rate.

c) when a bonds stated interest rate is less than the market interest rate.

d) when a bonds stated interest rate is higher than the market interest-rate.

4. a bond is issued at discount:

a) when a bond stated interest rate is equal to the market interest-rate.

b) when a bonds stated interest rate is more than the effective interest-rate.

c) when a bonds stated interest rate is less than the market interest rate.

d) when a bonds stated interest rate is higher than the market interest-rate

Explanation / Answer

1) The income of a corporation is subject to double taxation. 2) Outstanding stock refers to the total amount of stock that has not been sold yet. 3) A bond is issued at a premium when a bond's stated interest rate is higher than the market interest-rate. 4) A bond is issued at discount when a bond's stated interest rate is less than the market interest rate.

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