Create an account
simple to establish, owner controlled, tax advantages, Simple to set up and maintains control with founder
simple to estable, shared control, croader skills and resources, tax advantages, Shared control, tax advantages, increased skills and resources.
easier to transfer owndership, easier to raise funds, no personal liability, Easier to transfer ownership and raise funds, no personal liability.
chief financial officer
Trying to determine whether the company should employ debt or equity financing.
investors in common stock
Trying to determine whether the company's net income will result in a stock price increase.
top management must certify accuracy of financial information, severe penalites for fraud, increased the independence of outside auditors, increased oversight rold of BOD
presents info at a specific point in time, reports assets, liabilites, and stockholder equity
section of a cash flow statement indicates the cash spent on new equipment during the past accounting period
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