Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 20

When a business is organized as a corporation, which of the following statements is true
a.tockholders are liable for the debts of the business in proportion to their percentage ownership of capital stock.
b.luctuations in the market value of outstanding shares of capital stock do not directly affect the amount of stockholders' equity shown in the balance sheet.
c.tockholders do not have to pay personal income taxes on dividends received, because the corporation is subject to income taxes on its earnings.
d.ach stockholder has the right to bind the corporation to contracts and to make other managerial decisions.