Death of a corporation occurs in which of the following phases?

Question

Quizplus · Accepted Answer

A)The "death" of a corporation occurs in two phases: dissolution,the legal
termination of the corporation,and liquidation,the process by which the board of directors converts the corporation's assets into cash and distributes them among the corporation's creditors and shareholders.
B)The "death" of a corporation occurs in two phases: dissolution,the legal termination of the corporation,and liquidation,the process by which the board of directors converts the corporation's assets into cash and distributes them among the corporation's creditors and shareholders.
C)The "death" of a corporation occurs in two phases: dissolution,the legal termination of the corporation,and liquidation,the process by which the board of directors converts the corporation's assets into cash and distributes them among the corporation's creditors and shareholders.

Death of a Corporation Occurs in Which of the Following