Which of the following is NOT a characteristic that distinguishes corporations from proprietorships and partnerships?
A) Corporations have continuous lives regardless of changes in ownership.
B) Corporations have mutual agency.
C) Corporations are separate legal entities apart from the owners.
D) Corporate earnings are subject to double taxation.
Correct Answer:
Verified
Q34: A corporation is formed when the incorporators
Q35: The constitution for governing a corporation is
Q36: The group elected by the stockholders to
Q37: The right to maintain one's proportionate ownership
Q38: The _ own the corporation, but the
Q40: A corporation:
A)cannot own property.
B)is managed by the
Q41: If a corporation issues only one class
Q42: A corporation will often utilize the services
Q43: The price that the stockholder pays to
Q44: When a company sells its stock for
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