All of the following are advantages of the corporate form of business except: Please provide your answer in the rich text box. A limited liability of stockholders B continuous life C no mutual agency D corporate taxation

Which of the following types of business organizations terminates when its ownership structure changes?

Please provide your answer in the rich text box.

A

partnerships and proprietorships

B

partnerships and corporations

C

proprietorships and corporations

D

only corporations

When recording the sale of a plant asset, the balance in the related accumulated depreciation account is not removed from the accounting records.

Please provide your answer in the rich text box.

	A	True
	B	False