A and B incorporate a trucking company in which,of the 100 issued common shares,A holds 45 shares and B holds the rest.The company has a fleet of trucks valued at $200 000.In this case,the fleet of trucks is owned by

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The fleet of trucks is owned by the company alone, as it is an asset of the company that has been purchased with the funds raised through the sale of common shares. A and B may hold shares in the company, but they do not own the specific assets of the company (such as the trucks) outright.

A and B Incorporate a Trucking Company in Which,of the 100