Which statement about corporations is FALSE?
A) The ease of transferring ownership is an advantage.
B) A greater ability to raise capital than other forms of organizations is an advantage.
C) Limited life is an advantage.
D) Double taxation of distributed profits is a disadvantage.
Correct Answer:
Verified
Q11: Dividends are declared by the:
A)Chief Accounting Officer.
B)Chief
Q12: A new corporation forms every time there
Q13: Which of the following is NOT considered
Q14: If a corporation has only one class
Q15: Which statement is FALSE?
A)Preferred stockholders receive dividends
Q17: A corporation acts under its own name
Q18: Stockholders' equity is divided into:
A)retained earnings and
Q19: The chairperson of the board of directors
Q20: The basic form of capital stock is:
A)a
Q21: Apple Inc.issued 4 million shares of no-par
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