Question
13. Which of the following refers to the features of a Corporation? Limited liability of the owners; distributed profits are taxed twice; management and ownership
13. Which of the following refers to the features of a Corporation?
Limited liability of the owners; distributed profits are taxed twice; management and ownership are separated; the duration of a companys life is indefinite.
Limited liability of the owners; distributed profits are taxed twice; management functions are performed by the owners; the company is terminated with the departure of one of its owners.
Limited liability of the owners; distributed profits are taxed only once; management and ownership are separated; the company is terminated with the departure of one of its owners.
Unlimited liability of the owners; distributed profits are taxed only once; management and ownership are separated; the duration of a companys life is indefinite.
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Financial Accounting
Authors: Karen Bird, Gene Imhoff
3rd Edition
0984200541, 9780984200542
