Removing duplicate records is a common database task

The corporate veil is most likely to be pierced and the shareholders held personally liable if

A. The corporation has elected S corporation status under the Internal Revenue Code. B. The shareholders have commingled their personal funds with those of the corporation. C. An ultra vires act has been committed. D. A partnership incorporates its business solely to limit the liability of its partners.

Estimating a firm's forward looking EPS is considered to be easier than determining an appropriate price-earnings multiple to be used in a valuation process

Indicate whether the statement is true or false