Taxable entity resulting in additional taxes

Taxable entity resulting in additional taxes 1 Identify (by letter) each of the following characteristics as being an advantage, a disadvantage, or not applicable to the corporate form of business organization. A = Advantage D = Disadvantage N = Not Applicable Characteristics _____ 1. Separate legal entity _____ 2. Taxable entity resulting in additional taxes _____ 3. Continuous life _____ 4. Unlimited liability of owners _____ 5. Government regulation _____ 6. Separation of ownership and management _____ 7. Ability to acquire capital _____ 8. Ease of transfer of ownership 2 On July 6, XOT Corporation issued 2,300 shares of its $1.50 par common stock. The market price of the stock on that date was $17 per share. Journalize the issuance of the stock. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help