Which of the following characteristics of a corporation exists because the ownership of a corporation is divided into shares that can be sold, gifted, or bequeathed?
A) Double taxation
B) Limited liability
C) Transferability of ownership
D) No mutual agency
Correct Answer:
Verified
Q1: A corporation issues stock certificates to the
Q2: 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