1. What is the difference between a statement of stockholders’ equity and a retained earnings statement? 2. What is an advantage of organizing a company as a corporation rather than a partnership? Why...

1. What is the difference between a statement of stockholders’ equity and a retained earnings statement?

2. What is an advantage of organizing a company as a corporation rather than a partnership? Why don’t all companies incorporate?

3. What are some ways that partnerships could share income among the partners?