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    Exam 11: Reporting and Analyzing Shareholders Equity
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    Which of the Following Is Not True of a Corporation
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Which of the Following Is Not True of a Corporation

Question 37

Question 37

Multiple Choice

Which of the following is not true of a corporation?


A) It may buy, own, and sell property.
B) It may sue and be sued.
C) The acts of its shareholders bind the corporation.
D) It may enter into binding legal contracts in its own name.

Correct Answer:

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