Which is NOT a benefit of being in a corporation?
A) being able to easily sell ownership shares
B) having managerial and other expertise available
C) having relatively simple taxes
D) having financial resources
E) having little or no liability
Answer: C
Explanation: C) Taxes are paid both by the corporation and as income tax to the shareholders.
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Which of the following is a characteristic of the Sarbanes-Oxley Act of 2002?
A) It offers protection to employees who act as whistleblowers. B) It allows any person to recover treble damages plus attorney's fees in a civil action. C) It prohibits persons employed by or associated with an enterprise from engaging in white-collar crimes or acts of violence. D) It offers protection to federal employees who report illegal governmental activities.
For each cost pool listed select an appropriate allocation base from the list below. An allocation base may be used only once. Assume a manufacturing company
Allocation bases for which the information system can provide data: 1. Number of employees per department 2. Employee wages and salaries per department 3. Number of sales orders 4. Hours of operation of each production department 5. Machine hours by department 6. Operations costs of each department 7. Hours of computer use per month per department 8. Number of units sold Cost pools: ________ a. Vice President of Finance's office expenses ________ b. Computer operations used in conjunction with manufacturing ________ c. Personnel Department ________ d. Sales-order costs ________ e. Energy costs