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    Financial Accounting Study Set 21
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    Exam 1: Overview of Corporate Financial Reporting
  5. Question
    Which Statement Is <B>incorrect</b> in Regards to the Characteristics of a Corporation
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Which Statement Is incorrect in Regards to the Characteristics of a Corporation

Question 65

Question 65

Multiple Choice

Which statement is incorrect in regards to the characteristics of a corporation?


A) It is a separate legal entity.
B) It can be sued.
C) Shareholders liability is limited to their investment.
D) It cannot be publicly accountable.

Correct Answer:

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