Which of the following statements is correct?
a. one of the disadvantages of a sole proprietorship is that the proprietor is exposed to unlimited liability.
b. it is generally easier to transfer one's ownership interest in a partnership than in a corporation.
c. one of the advantages of the corporate form of organization is that it avoids double taxation.
d. one of the advantages of a corporation from a social standpoint is that every stockholder has equal voting rights, i. e., "one person, one vote."
e. corporations of all types are subject to the corporate income tax.

Seattle bank’s start-up division establishes new branch banks. each branch opens with three tellers. total teller cost per branch is $96,000 per year. the three tellers combined can process up to 90,000 customer transactions per year. if a branch does not attain a volume of at least 60,000 transactions during its first year of operations, it is closed. if the demand for services exceeds 90,000 transactions, an additional teller is hired and the branch is transferred from the start-up division to regular operations. required what is the relevant range of activity for new branch banks

The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?

Match the different financial tasks to their corresponding financial life cycle phases wealth protection, wealth accumulation and wealth distribution