Which of the following is true of a corporation?
A) A corporation cannot be privately held.
B) The earnings of a corporation may be subject to double taxation.
C) A corporation has a limited life.
D) The stockholders of a corporation have unlimited liability for the corporation's debt.
B
Business
You might also like to view...
The following are reasons brand communities exist, except:
A) strong brand support B) affirmation of the buying decision C) social identity and bonding D) swap stories
Business
Audits of the financial statements of publicly held companies are conducted in accordance with standards approved by the ________
A) Financial Accounting Standards Board B) Securities and Exchange Commission C) Institute of Certified Public Accountants D) Public Company Accounting Oversight Board
Business