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  3. Study Set
    Intermediate Accounting Study Set 12
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    Exam 3: Shareholders Equity
  5. Question
    The Liability of Shareholders Is
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The Liability of Shareholders Is

Question 103

Question 103

Multiple Choice

The liability of shareholders is


A) similar to the liability of the owners of a partnership.
B) similar to the liability of the owner of a proprietorship.
C) equal to an amount sufficient to satisfy all creditors.
D) limited to their property or service invested in the corporation.

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