Which of the following is not a characteristic of a corporation?
A) Ease of formation
B) No mutual agency
C) Unlimited life
D) Limited liability
Correct Answer:
Verified
Q12: The ownership of the corporation consists of:
A)the
Q16: Stockholders' investment appears in:
A)Paid-in Capital.
B)Owner's Equity.
C)Retained Earnings.
D)Cash.
Q17: Preferred stock is considered to be non-cumulative
Q17: Corporations are subject to more government regulations
Q18: Common stockholders have all the following rights
Q18: A major disadvantage of a corporation is
Q20: One type of preferred stock that provides
Q22: Dividends in arrears occur when the company
Q23: A change in ownership terminates the corporation.
Q24: An advantage of a corporation would be:
A)limited
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