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Business, 11.02.2021 21:20 mfreeman1096

Four friends plan to form a corporation for purposes of constructing a shopping center. Charlie will be contributing the land for the project and wants more security than shareholder status provides. He is contemplating two possibilities: receive corporate bonds for his land, or take out a mortgage on the land before transferring it to the corporation. Comment on the choices Charlie is considering. What alternatives can you suggest?

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Answer from: Quest
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Answer from: Quest
The correct answer is  "b)  net income overstated, assets unaffected, liabilities understated, and owner's equity overstated."
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The decision i made was if i should ask my friend a question that might hurt her but i still made it a good decision
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true basically. have an awesome day ya'll.

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Four friends plan to form a corporation for purposes of constructing a shopping center. Charlie will...

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