Which of the following forms of business organizations is a distinct legal entity?
A) partnership
B) corporation
C) proprietorship
D) only proprietorship and partnership
Correct Answer:
Verified
Q2: All of the following represent advantages of
Q3: Corporate bylaws are established by provincial governments
Q4: Double taxation refers to the fact that
Q5: The articles of incorporation determines the rights
Q6: Which of the following statements describing a
Q7: The policy-making body of a corporation is
Q8: Shareholders in a corporation are personally liable
Q9: A corporation is a separate legal entity
Q10: A debit balance in retained earnings is
Q11: Unlimited liability is one of the advantages
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