Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 13, 2024

Which of the following statements is NOT true of a corporation? A.It is legally obliged to distribute all profits to shareholders. B.It is an entity

Which of the following statements is NOT true of a corporation?

A.It is legally obliged to distribute all profits to shareholders.

B.It is an entity separate from the individuals who own it.

C.It can incur debt that is an obligation of the corporation but not of its individual owners.

D.It can enter into contracts.

E.It has the right to sue and be sued.

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

Recommended Textbook for

Money Banking and Financial Markets

Authors: Laurence M. Ball

2nd edition

1429244097, 978-1429244091

Students also viewed these Economics questions

Question

★★★★★

Assume that Accent Capital Ltd. applied ASPE. Discuss the two options available to record the issuance of the bonds and warrants. Provide journal entries for each option.

Answered: 1 week ago

Question

★★★★★

Write a program SubsetSum that reads 1ong integers from standard input, and counts the number of subsets of those integers that sum to exactly zero. Give the order of growth of the running time of...

Answered: 1 week ago

Question

★★★★★

Identify the characteristics of multiple types of quantitative measures, including standardized and nonstandardized testing, norm-referenced and criterion-referenced testing, individual and group...

Answered: 1 week ago

Question

★★★★★

Go to the books companion website and use information found there to answer the following questions related to The Coca-Cola Company and PepsiCo, Inc. (a) What employee stock-option compensation...

Answered: 1 week ago

Question

★★★★★

Paul recently applied for CFP Circled Latin Capital Letter R Certification. Which of the following would always bar him from certification? Felony conviction for perjury last year Prior revocation of...

Answered: 1 week ago

Question

★★★★★

b2. Assume that OfficeMart places orders more frequently, but everything else remains the same. On your worksheet increase the number of orders from 4 to 7. (Prior to completing this requirement,...

Answered: 1 week ago

Question

★★★★★

III. Prove by induction the following problems:4. 52n+1 . 2n+2 + 3n+2 . 22n+1 is divisible by 19 for any positive integer n

Answered: 1 week ago

Question

★★★★★

QS 17-17 Profit margin L04 Calculate the profit margin for 2017 and evaluate the result against the industry average in Exhibit 17.11, explaining why it compares favourably or unfavourably (round to...

Answered: 1 week ago

Question

★★★★★

The following are partial balance shoels for Bank of Canada and 14 LVTS Participants BANK OF CANADA 14 LVTS Participants/Primary Dealers Consolidated Balance Sheet Assets(SB) Liabilities (3)...

Answered: 1 week ago

Question

★★★★★

3. A 0.9 ft diameter steel stud is mounted upright to the seabed at a water depth of 32 ft. If the pipe is hit by 4.5 ft high waves, exhibiting a wavelength of 26 ft, calculate the: (i) Max. fluid...

Answered: 1 week ago

Question

★★★★★

P24-4A Clarke Inc. operates the Patio Furniture Division as a profit center. Operating data for this division for the year ended December 31, 2017, are as shown below. Prepare responsibility report...

Answered: 1 week ago

Question

★★★★★

please answer this question. 2. {not} REE-)1? Im's production function is given by Q(K,L) = (K)? + L. The price oflabor is $12 per hour and the rental price of capital is $2 per hour. a. What is the...

Answered: 1 week ago

Previous Question Next Question