QUESTION 20 a public corporation. Outstanding stock is held only by O proprietors bankers stockholders The board of directors The CEO QUESTION 21 One characteristic of a corporation is that: they are a separate legal entity. owners are known as proprietors. each has unlimited liability. O partners have the title of managers. they usually have completed a partnership agreement. QUESTION 22 The equity section of a corporate balance sheet is known as: corporate capital partnership equity. stockholders' equity. incorporation capital. stock capital