Multiple Choice
Which of the following phrases is not descriptive of the corporate form of business?
A) Professional management.
B) Double taxation on distributed earnings.
C) Unlimited liability.
D) Continuous existence.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q2: The declaration and distribution of a stock
Q4: Dividends in arrears are dividends on<br>A)cumulative preferred
Q8: Regular dividends are declared out of<br>A)paid-in capital
Q9: Ace Inc.has 10,000 shares of 4%, $100
Q10: Dividends in arrears on cumulative preferred stock<br>A)never
Q54: A corporation acts under its own name
Q68: When no-par common stock with a stated
Q69: Treasury stock is a contra-stockholders' equity account.
Q88: The per share amount normally assigned by
Q137: A liability arises when the board of