Which of the following features of a corporation is LEAST accurate?
A) The owners' identity is separate from a corporation.
B) The owners of a corporation are not liable for any obligations the corporation enters into.
C) Changes in ownership do not result in the dissolution of the corporation.
D) Earnings from a corporation are taxed only once.
Answer: D
Business
You might also like to view...
Which of the following is not permitted under IFRS?
a) reporting of any type of inventory at net realizable value b) lower-of-cost-or-market valuation c) reversals of lower-of-cost-or-market write-downs d) the use of the LIFO cost flow assumption
Business
Brand awareness and market share are both examples of ________
A) data analytics B) hurdle rates C) marketing metrics D) CRM indicators E) return on marketing investment rates
Business