All of the following are characteristics of a corporation, except: has one or more owners, and called partners is considered a separate legal entity OA. O B. OC. It has an indefinite life D. the owners are not liable for corporation's debts
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A: The answer for the multiple choice question and relevant explanation are presented hereunder :
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A: Hi student Since there are multiple questions, we will answer only first question.
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Q: Question 10 All of the following are characteristics of a corporation, except: has one or more…
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Q: Owners of a corporation are called members. O True O False
A: The answer is false Refer step 2 for explanation
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A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
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A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
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A: The answer is TRUE
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A: Corporation has separate legal entity. This means the corporation is separate from its owners. Thus,…
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A: Will Be Explained:
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A: The answer for the multiple choice question and relevant explanation are presented hereunder : A…
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A: Hi student Since there are multiple subparts, we will answer only first three sub parts.
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A:
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A: Answer: e. All of the above
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- Question 10 All of the following are characteristics of a corporation, except. has one or more owners, and called partners is considered a separate legal entity O A. В. C. It has an indefinite life D. the owners are not liable for corporation's debtsQuestion 16 All of the following are characteristics of a corporation, except: O A. O B. OC. It has an indefinite life has one or more owners, and called partners is considered a separate legal entity O D. the owners are not liable for corporation's debtsQUESTION 10 Which of the following is an organizational disadvantage of a corporation? A. Taxable entity B. Separate legal entity C. Relative ease of ownership transfer D. Limited liability of owners
- Which of the following is a characteristic of a corporation?a. No income taxb. Limited liability of stockholdersc. Mutual agencyd. Both b and cWhich of the following is not true of a corporation? Oa. It may enter into binding legal contracts in its own name. Ob. It may sue and be sued. c. The acts of its owners bind the corporation. Od. It may buy, own, and sell property.Which of the following is not an advantage of a corporation? O Double taxation Continuous life Transferable ownership rights Limited liability
- Transfer of interest is not flexible under which form of business(es) S Corporation LLC C Corporation Proprietorship None of The AboveWhich of the following characteristics best describes a corporation? a. A business with a single owner b. Is not taxed c. Stockholders not personally liable for entity’s debts d. Not a separate taxable entityWhich of the following is not considered to be an advantage of a corporation?a. Limited liability of stockholders for the corporation’s debtsb. Continuous lifec. Double taxationd. Ability to raise more capital than a partnership or proprietorship
- Which of the following characteristics of a corporation limits a stockholder's loss to the amount of his or her investment in the stock of the corporation? Question 7Answer a. Separate legal entity b. Separation of ownership and management c. Transferability of ownership d. Limited liabilitySubject: Law on Partnership and Corporations 1. Distinguish between articles of incorporation and by-laws 2. What are the similarities between Corporation and Partnership. 3. What are some of the causes of vacancy in the office of director or trustee? How can the vacancy be filled up? 4. Discuss briefly the kinds of powers that a corporation can exercise. 5. What is an Ultra Vires act? How is it different from an illegal act? ExplainAn S Corporation may be a shareholder in a C Corporation. A C Corporation may be a shareholder in an S Corporation. Which of the following statement is true? a) the first only b)the second only c) both d) neither