List and Discuss the (A) Advantages and (B) Disadvantages of the Corporation

question 73

Essay

List and discuss the (a) advantages and (b) disadvantages of the corporation form of business.

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Definitions:

Budgeted Amounts

Estimated financial figures planned for a certain period, including revenues and expenses.

Percent Differences

A measure representing the difference between two values as a percentage of one of the values.

Net Income

Net Income is the total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue, indicating the company's actual profitability.

Net Sales

The total revenue from sales minus returns, allowances, and discounts.