1 answer

QS 11-1 Characteristics of corporations LO C1 QS 11-1 Characteristics of corporations LO C1 Identify which...

Question:

QS 11-1 Characteristics of corporations LO C1

QS 11-1 Characteristics of corporations LO C1 Identify which of the following statements are true for the corporate form of o

QS 11-1 Characteristics of corporations LO C1 Identify which of the following statements are true for the corporate form of organization. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) The sale of shares from one stockholder to another does not impact operations. An exception is when it changes the makeup of directors. Stockholders do not have the power to bind the corporation to contracts It has many of the same rights as an individual. It does not end with the death of an owner. ✓ Owners are personally liable for corporate debts. Generally there is no double taxation on corporate income that is distributed to owners. Corporations are often subject to fewer regulations than partnerships.

Answers

the following boxes can be checked :

1 The sale of shares from one stockholder to another does not impact operations. An exception is when it changes the makeup of directors
2. Stockholders do not have the power to bind the corporation to contracts.
3. It has same rights as an individual.
4. It does not end with death of an owner.
.

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