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Canada (508,381)
BUS 254 (44)
Lecture

summaries11.pdf

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Department
Business Administration
Course
BUS 254
Professor
Masood Kamlani
Semester
Fall

Description
CHAPTER 11 sHAREHOldERs EQuiTyQuick OverviewShareholders equity for corporwations represents the amount owf ownership and earnings that the ownersw and investors have iwn the businessSole proprietorship1 Single owner that isw taxed on all profits and lossesHas unlimited liabiwlityOwners equity reflects all changes two equity in busineswsPartnership2 Two or more owners that are individually taxewd on all profits and lossesPartnership agreementCan have general partwners with unlimited wliability and limitwed partners with limwited liabilityEach partner has cawpital accountCorporations3 Legally separate entwity with ownership rwepresented by sharesArticles of IncorpowrationAuthorized shares Usually no par valuew shares Legal capital Type of business comwpany will conduc
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