A corporation can retain its profits or pass them on to the shareholders as dividends.
Correct Answer:
Verified
Q2: A corporation is referred to as a
Q5: Express powers of a corporation are found
Q6: Corporate profits can be subject to double
Q7: The primary document needed to incorporate a
Q9: An agreement between shareholders to restrict the
Q10: Implied powers of a corporation are expressed
Q12: To pierce the corporate veil means to
Q14: A corporation is a legal entity created
Q16: When the corporate privilege is abused for
Q18: An S corporation is treated the same
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