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Agency problems exist in which contrives of business ownership? do fillet of sole proprietorship S corporation confederacy association . 2 points Question 2 entirely of the spare-time activity argon advantages to organizing as a corporation except ____. solvent especial(a) liability Double taxation Easy access to jacket crown Easy to transfer ownership . 2 points Question 3 every(prenominal) of the following are functions of the board of directors except ________. event Hire the CEO Evaluate the CEO Design compensation contracts for the CEO Provide reports to the auditors . 2 points Question 4 monetary management involves decisions about which of the following: Answer Which projects to fund How to smutch taxation What type of capital should be raised All of these. . 2 points Question 5 From a taxation perspective, the deteriorate of characters of business organization with the highest business level taxes is the __________. Answer fillet of sole proprietorship weed Partnership S gage . 2 points Question 6 From the perspective of ownership risk, the best gradation of business organization is the ______.

Answer Sole proprietorship Corporation Partnership S Corporation . 2 points Question 7 Corporate Taxes Eccentricity, Inc. had $300,000 in 2010 taxable income. Using the tax entry from Table 2-3, what is the companys 2010 income taxes, average tax rate, a nd marginal tax rate, respectively? ! Answer $22,250, 7.42%, 39% $78,000, 26.00%, 39% $100,250, 33.42%, 39% $139,250, 46.42%, 39% . 3 points Question 8 Debt versus Equity Financing You are considering a stock investment in one of two firms (AllDebt, Inc. and AllEquity, Inc.), some(prenominal) of which operate in the same industry and have similar operating income of $400,000. AllDebt, Inc. finances its $800,000 in assets with $600,000 in debt (on which it pays 5 percent...If you take on to get a full essay, order it on our website: OrderCustomPaper.com

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