The most that a shareholder can lose on an investment in a corporation's shares is the cost of the investment.
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Q9: A corporation is a separate legal entity
Q10: A debit balance in retained earnings is
Q11: Unlimited liability is one of the advantages
Q12: Annually the corporation must pay dividends to
Q13: Retained earnings is debited to transfer net
Q15: Retained earnings represents investments by the shareholders
Q16: Mutual agency is one of the disadvantages
Q17: All shares issued by a corporation have
Q18: It is easier to achieve continuous life
Q19: Corporations pay the same taxes as partnerships
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