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Do It! Review 11-1 Your answer is correct. Indicate whether each of the following statements is true or false. 1. The corporation is an entity
Do It! Review 11-1
Your answer is correct. | |
Indicate whether each of the following statements is true or false.
1. | The corporation is an entity separate and distinct from its owners. | TrueFalse |
2. | The liability of stockholders is normally limited to their investment in the corporation. | TrueFalse |
3. | The relative lack of government regulation is an advantage of the corporate form of business. | TrueFalse |
4. | There is no journal entry to record the authorization of capital stock. | FalseTrue |
5. | No-par value stock is quite rare today. | TrueFalse |
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