Multiple Choice
Which of the following is true regarding corporations?
A) A corporation is formed with the issuance of a state charter and is governed by state corporation laws.
B) Corporate shareholders are personally liable for the business obligations of the corporation.
C) Corporate income is subject to double taxation.
D) A corporation may not be terminated at any time.
E) A corporation is formed with the issuance of a state charter and governed by state corporation laws, and corporate income is subject to double taxation.
Correct Answer:
Verified
Correct Answer:
Verified
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