A corporation acts under its own name rather than in the name of its shareholders.
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Q13: Acts of the shareholders who are not
Q14: Companies can only be incorporated under a
Q15: Profits may be either reinvested in a
Q16: A transfer of shares by a shareholder
Q17: Articles of incorporation form the corporation's "constitution".
Q19: Creditors have access to corporate assets only
Q20: A corporation is a legal entity that
Q21: Income tax expense must be added on
Q22: Convertible preferred shares give common shareholders the
Q23: Retained earnings are the cumulative profits or
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