Saturday, October 12, 2013

Finance Paper

Unit 1: |1.|Question: |Cheers Inc. operates as a partnership.  presently the partners have decided to convert the business into a | | | |corporation. Which of the hunting statements is CORRECT? | |  |Your Answer: |         | | | |[pic] | | | |a. Cheers shareholders (the ex-partners) will now be loose to less liability. | | | | | | | |   CORRECT | | | | | | | |         | | | |[pic] | | | |b. Cheers will now be subject to fewer regulations.
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