Which of the following is not characteristic of a corporation?
A) The financial loss that a stockholder may suffer from owning stock in a public company is limited.
B) Cash dividends paid by a corporation are deductible as expenses by the corporation.
C) A corporation can own property in its name.
D) Corporations are required to file federal income tax returns.

Question

Quizplus · Accepted Answer

Cash dividends paid by a corporation are not deductible as expenses by the corporation.

Which of the Following Is Not Characteristic of a Corporation