Susan threw away in the garbage an old chair that had been in her family for many years by placing it on the curb with the rest of the trash. alma came by and began to admire the chair. although the chair was heavy, alma picked it up and called to a friend saying that she had just found an antique chair. when susan heard this, she demanded the return of the chair. the chair belongs to: susan unless alma can show susan gave it to her. susan because there was no intent to make a gift. alma because anything one finds belongs to the finder. alma because susan abandoned it and alma took possession of it.

Which of the following statements is correct? large corporations are taxed more favorably than sole proprietorships. corporate stockholders are exposed to unlimited liability. due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u.s. businesses (in terms of number of businesses) are organized as corporations. most businesses (by number and total dollar sales) are organized as partnerships or proprietorships because it is easier to set up and operate in one of these forms rather than as a corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, mainly because corporations have important tax advantages over proprietorships and partnerships. most business (measured by dollar sales) is conducted by corporations in spite of large corporations’ often less favorable tax treatment, due to legal considerations related to ownership transfers and limited liability.

For each example identify the most appropriate ctso

The role of the credit department includes: a. evaluating customers' credit applications to determine whether they meet the company's approval standards. b. approving all credit applications in order to avoid losing sales. c. collecting cash from customers. d. following unwritten approval standards for processing customers' credit applications.