Multiple Choice
Which of the following is not a characteristic of a corporation?
A) Corporations are organized as a separate legal taxable entity.
B) Ownership is divided into shares of stock.
C) Corporations experience an ease in obtaining large amounts of resources by issuing stock.
D) A corporation can elect to be taxed as a partnership.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Which of the following is incurred by
Q2: Costs incurred to earn revenue are referred
Q3: Pelican, Inc.had revenues of $395,000, expenses of
Q5: Debts owed by a business are referred
Q6: According to which of the following concepts
Q7: The purchase of factory equipment would be
Q8: Fill in the missing amounts of
Q9: The debt created by a business when
Q10: A summary of the cash receipts and
Q11: A limited liability company combines attributes of