Which of the following statements about corporations is true?
A) A promoter files articles of incorporation with the state government to create a corporation.
B) When a corporation's liabilities exceed its assets,its creditors can reach the personal assets of the shareholders.
C) A corporation need not establish books of accounts.
D) When an employee or director commits a tort or crime while conducting corporate business,the corporation is not liable for the consequences.
Correct Answer:
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