Read:
Chapter 14 of the textbook (Walther, L.M. (2012). Principles of Accounting. Logan, UT: Utah State University. Available at http://www.principlesofaccounting.com/)
For the paper:
(I attach the instruction below)
Be sure to use in-text citation and provide references for your sources, including textbooks. Advantage and Disadvantage
Identify and match the terms to the description listed in the tabular column. Also list advantages and disadvantages for each of these terms using suitable example/s:
Description Terms Advantage Disadvantage
The ability of a company to raise capital by issuing shares to the public.
Ability of an existing shareholder to sell shares without corporate approval.
The ability of the government to tax corporate earnings and dividends.
Periodic regulatory filings.
The ability of different individuals to pool resources.
The inability of creditors to pursue individual shareholders.
The life of the entity can exceed the life of the shareholders.
**Terms:
Limited Liability
Double Taxation
Perpetual Existence
Transferability of Ownership
Mutual Ownership
Cost of Regulation
Publicly Traded
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