Which of the following is a true statement concerning corporations?
A) The equity that can be raised by the corporation is limited to the current shareholders' personal wealth.
B) The life of the corporation is unlimited.
C) The corporation has limited liability for business debts.
D) When dividends are paid, corporate profits are taxed once.
E) It is difficult to transfer ownership of corporate shares.

Question

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The Answer of Which of the following is a true statement concerning corporations?
A) The equity that can be raised by the corporation is limited to the current shareholders' personal wealth.
B) The life of the corporation is unlimited.
C) The corporation has limited liability for business debts.
D) When dividends are paid, corporate profits are taxed once.
E) It is difficult to transfer ownership of corporate shares.

Which of the Following Is a True Statement Concerning Corporations