Which One of the Following Statements Is Correct Concerning Corporations

Multiple Choice

Which one of the following statements is correct concerning corporations?

A) The shareholders of a corporation select the top managers of that corporation.
B) A corporation is a distinct legal entity.
C) The stockholders are usually the managers of a corporation.
D) The ability of a corporation to raise capital is quite limited.
E) The income of a corporation is taxed as personal income of the stockholders.