All of the following are true in defining a corporation as a legal entity, EXCEPT
A) Stockholders have a direct ownership interest in the real estate.
B) It is managed by a Board of Directors.
C) It continues to exist until formally dissolved.
D) Profits are taxed on two levels: as corporation profit and as dividends to stockholders.
Answer: A) Stockholders have a direct ownership interest in the real estate.
You might also like to view...
To be exempt from the overtime requirements of the FLSA, an employee who earns at least
$____ per year and performs office or nonmanual work, need only perform one identifiable executive, administrative or professional job duty or responsibility. (a) $75,000 (b) $100,000 (c) $110,000 (d) $125,000
Which of the following may be participants in the foreign exchange markets?
A) bank and nonbank foreign exchange dealers B) central banks and treasuries C) speculators and arbitrageurs D) all of the above