ACC 210P Chapter 10

ACC 210P Chapter 10 - ACC 210P Chapter 10 1. Identify (by...

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ACC 210P Chapter 10 1. Identify (by letter) each of the following characteristics as being an advantage or a disadvantage of the corporate form of business or not applicable to the corporate form of business organization. A = Advantage D = Disadvantage N = Not Applicable Characteristics _____ 1. Separate legal entity _____ 2. Taxable entity resulting in additional taxes _____ 3. Continuous life _____ 4. Unlimited liability of owners _____ 5. Government regulation _____ 6. Separation of ownership and management _____ 7. Ability to acquire capital _____ 8. Ease of transfer of ownership
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The following information is available for Wheeler Corporation 2007 2006 Average common stockholders’ equity $1,500,000 $1,000,000 Average total stockholders’ equity 2,000,000 1,500,000 Common dividends declared and paid 72,000 50,000 Preferred dividends declared and paid 30,000 30,000 Net income 300,000 250,000 Instructions Compute the payout ratio and return on common stockholders’ equity ratio for both years. Briefly comment on your findings.
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This note was uploaded on 03/10/2011 for the course ACC 210 taught by Professor Staff during the Spring '07 term at N.C. State.

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ACC 210P Chapter 10 - ACC 210P Chapter 10 1. Identify (by...

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