The application flow fulfills only functional requirements

________ is a major disadvantage of the corporate form of business

A) Double taxation B) Unlimited liability C) Lack of ability to raise capital D) Transfer of ownership

The amount of the average investment for a proposed investment of $60,000 in a fixed asset, with a useful life of four years, straight-line depreciation, no residual value, and an expected total net income of $21,600 for the 4 years, is:

A) $10,800 B) $21,600 C) $ 5,400 D) $30,000