BUS 3301 – Financial Accounting Discussion Forum Unit 2
Description
Principles of Accounting, Chapter 14: Corporate Equity Accounting: http://www.principlesofaccounting.com/chapter-14/
Please review this chapter’s “Objectives” and “Key Terms” before and after reading. After you complete the reading, be sure to take this chapter’s “Fill in the Blanks” and “Multiple Choice” Self-Quizzes.
In Chapter 14, the advantages and disadvantages of corporate organization are discussed. In addition, the chapter discusses the difference between the rights of stockholders of common stock, versus the rights of stockholders who own shares of preferred stock.
Discussion Assignment
You own and operate a small store. Currently, you are a single proprietor. What kinds of risks and liabilities are you facing? How could you address these risks by becoming incorporated? Discuss some of the advantages and disadvantages to corporate business organization.
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