Acc 290 Week 3 Complete Work

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ACC 290 WEEK 3 COMPLETE WORK
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ACC 290 WEEK 3 COMPLETE WORK
Week 3
Resource: Ch. 4 of Financial Accounting
Complete Chapter 4: Questions # 2, 3, 4; Brief Exercises BE4-2, BE4-12, BE4-14 and BE4-15 and Exercise E4-5
Resource: Chapter 3 and Chapter 4 of Financial Accounting
Complete Chapter 3: Problem 3-5A and Chapter 4: Exercises E4-3 and E4-15.
 Why does a company choose to form as a corporation? What are the steps required to become a corporation? What are the advantages and disadvantages of the corporate form of doing business?
A company forms into a corporation to become a separate legal entity from their shareholders. An advantage of corporations is that if a corporation faces bankruptcy, its shareholders are not liable for its debts other than the realized value of its assets. Also, a corporation may raise a large amount of capital through the issuance of equity and debt. Disadvantages of incorporation include the loss of flexibility of business operations due to binding regulations, and addition of expenses such as annual audits, shareholders’ meetings, etc. The steps of incorporation in the US include filing of the articles of incorporation, paying registration fees, and the filing of corporate bylaws.  Why is preferred stock referred to as preferred? What are some of the features added to preferred stock that make it more attractive to investors? Would you select preferred stock or common stock as an investment? Why?
Preferred stocks are referred to “preferred” because of their preferred position to common shares. Preferred shares occupy a position between a company's creditors and a company's common shareholders. In the case of a bankruptcy, preferred shareholders have claim on a company's assets before…...

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