Question
Which of the following refers to the features of a Corporation? - Limited liability of the owners; distributed profits are taxed twice; management and ownership
Which of the following refers to the features of a Corporation?
- Limited liability of the owners; distributed profits are taxed twice; management and ownership are separated; the duration of a companys life is indefinite.
- Unlimited liability of the owners; distributed profits are taxed only once; management and ownership are separated; the duration of a companys life is indefinite.
- Limited liability of the owners; distributed profits are taxed only once; management and ownership are separated; the company is terminated with the departure of one of its owners.
- Limited liability of the owners; distributed profits are taxed twice; management functions are performed by the owners; the company is terminated with the departure of one of its owners.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Building Accounting Systems Using Access 2010
Authors: James Perry, Richard Newmark
8th Edition
1111530998, 978-1111530990
