Closing entries do not affect the cash account

What does the limited liability of the owners of stock in a corporation mean?

(A) The stockholders of a corporation can lose only what they have invested in the corporation. (B) The managers hired by the corporation are not responsible for the debts of the corporation. (C) The corporation is not responsible for the private debts of the owners of stock. (D) The corporation can raise money by selling more shares of stock.

If your employer offers a retirement plan, that should be the first plan that you consider because your employer will likely contribute to it

Indicate whether the statement is true or false.