Multiple Choice
Which of the following is NOT an advantage of the corporate form of business organization?
A) limited liability of shareholders
B) transferability of ownership
C) unlimited personal liability for shareholders
D) unlimited life
Correct Answer:
Verified
Correct Answer:
Verified
Q151: A business organized as a corporation<br>A) is
Q152: Below are three lists of accounting information
Q153: Which of the following transactions would NOT
Q154: Recognition in the accounting terminology means<br>A) recognizing
Q155: The going concern assumption<br>A) states that a
Q157: Profit results when<br>A) Assets > Liabilities.<br>B) Revenues
Q158: A corporation may be formed under either
Q159: Owner's equity is often referred to as<br>A)
Q160: The following transactions represent part of the
Q161: The owner's claim on the assets of