会计学原理(英文授课)课堂PPTChapter1研讨.pptVIP

FORMS OF BUSINESS ENTITIES Sole Proprietorship Partnership Corporation * Proprietorships and partnerships that are set up as LLCs provide limited liability. CHARACTERISTICS OF BUSINESSES * * Owners of a corporation are called shareholders (or stockholders). Shareholders are not personally liable for corporate acts. When a corporation issues only one class of stock, wecall it common stock (or capital stock). CORPORATION SARBANES-OXLEY (SOX) Congress passed the Sarbanes-Oxley Act to help curb financial abuses at companies that issue their stock to the public. Management must issue a report st