Finance Paper

Unit 1: |1.|Question: |Cheers Inc. operates as a partnership.  now the partners have decided to convert the business into a | | | |corporation. Which of the hunt statements is CORRECT? | |  |Your Answer: |         | | | |[pic] | | | |a. Cheers shareholders (the ex-partners) will now be opened to less liability. | | | | | | | |   CORRECT | | | | | | | |         | | | |[pic] | | | |b. Cheers will now be undefendable to fewer regulations.

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