Which of the following statements is correct?
A) Stockholders are legally liable for all the debt of a corporation.
B) A corporation is a business that is legally owned by its employees.
C) Corporations are legal entities that, in law, are treated as persons.
D) Most large companies and many small companies in the United States are not corporations.
Correct Answer:
Verified
Q61: Certificates of ownership of a company are
Q62: A partnership is a business:
A) with two
Q63: Which of the following is a disadvantage
Q64: A company that explicitly takes on a
Q65: One advantage of a partnership over a
Q67: One advantage of a sole proprietorship over
Q68: One advantage of a partnership over a
Q69: A business is likely a sole proprietorship
Q70: One advantage of a corporation over a
Q71: The largest source of household income in
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