Which of the following is not a characteristic of a corporation?
A) Corporations are organized as a separate legal taxable entity.
B) Ownership is divided into shares of stock.
C) Corporations experience an ease in obtaining large amounts of resources by issuing stock.
D) For tax purposes, a corporation's business is not separated from the stockholder.
Correct Answer:
Verified
Q48: Countries outside the U.S. use financial accounting
Q49: In a common-size financial statement, which of
Q50: Bloom's Garden Center Company
Selected data from
Q54: Bloom's Garden Center Company
Selected data from
Q56: Which of the following below generally is
Q57: Bloom's Garden Center Company
Selected data from
Q58: Vertical analysis is also known as:
A) perpendicular
Q70: The independent auditor's report does which of
Q70: An analysis in which all the components
Q74: An entity that is organized according to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents