Multiple Choice
Which statement about corporations is FALSE?
A) The ease of transferring ownership is an advantage.
B) A greater ability to raise capital than other forms of organizations is an advantage.
C) Limited life is an advantage.
D) Double taxation of distributed profits is a disadvantage.
Correct Answer:

Verified
Correct Answer:
Verified
Q69: Treasury stock is a contra-stockholders' equity account.
Q70: Declaring and distributing stock dividends:<br>A)increases retained earnings.<br>B)increases
Q71: Which of the following is NOT considered
Q72: If a corporation has only one class
Q73: A credit balance in Retained Earnings indicates
Q75: On February 1,United Delivery Services reports Common
Q76: Common stockholders receive dividends even if the
Q77: Pillsbury Company declares and distributes a 30%
Q78: On May 15,the board of directors declared
Q79: A company has Total Paid-in Capital of