Question
All of the following are characteristics of corporations except: Owners report their share of the entitys earnings on their personal tax returns Liability of stockholders
All of the following are characteristics of corporations except:
| Owners report their share of the entitys earnings on their personal tax returns | ||
| Liability of stockholders is limited to their investment | ||
| Entity life will continue in the event of a withdrawal by an owner | ||
| Owners may sell their share of stock without entity approval |
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Dk Essential Managers Understanding Accounts
Authors: Stephen Brookson, Adele Hayward
1st Edition
0789471493, 978-0789471499
