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Choose the items that are true regarding corporations and/or shareholders (select all that apply): Corporate access to capital is enhanced by the limited liability of

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Choose the items that are true regarding corporations and/or shareholders (select all that apply): Corporate access to capital is enhanced by the limited liability of stockholders. Shareholders have unlimited liability. Corporations must pay stockholders a dividend. Corporate profits are subject to double taxation. Stockholders vote on who will be on the board of directors. Choose the items that are true regarding corporations and/or shareholders (select all that apply): The par value of stock represents a liability from the corporation to the stockholder. When a company goes out of business, the stockholders have a residual interest in the remaining assets after all liabilities have been satisfied. The payment of dividends represents an expense on the income statement. Dividend payments are guaranteed in the stock certificate. Stockholders have the right to a residual interest in annual profits; i.e., profits must be distributed as dividends. Choose the items that are true regarding corporations and/or shareholders (select all that apply): Dividends are not guaranteed. The issuance of stock 'dilutes' the value of stock ownership; i.e., it spreads the ownership out over more shares. If a corporation makes a profit, the % to be paid as dividends is guaranteed in the stock certificate. A stockholder has no guarantee of ever recelving a return on the investment. When a company incorporates, it creates a new legal entity in the eyes of the law

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