Which of the following characteristics of a corporation exists because a corporation is formed under the laws of a particular state and has many of the same rights as a person?
A) Separate legal entity
B) Separation of ownership and management
C) No mutual agency
D) Transferability of ownership
Correct Answer:
Verified
Q1: A corporation issues stock certificates to the
Q3: Which of the following characteristics of a
Q4: Which of the following characteristics of a
Q5: Which of the following characteristics of a
Q6: Which of the following characteristics of a
Q7: What types of stock can a corporation
Q8: Retained earnings represent amounts received from the
Q9: Profitable operations result in net income, which
Q10: Which of the following is TRUE of
Q11: The following information is from the
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