Which of the Following Is a True Statement Concerning Corporations

question 131

Multiple Choice

Which of the following is a true statement concerning corporations?

• A) The equity that can be raised by the corporation is limited to the current shareholders' personal wealth.
• B) The life of the corporation is unlimited.
• C) The corporation has limited liability for business debts.
• D) When dividends are paid, corporate profits are taxed once.
• E) It is difficult to transfer ownership of corporate shares.

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Definitions:

Cleft Palate

A congenital split in the roof of the mouth due to incomplete joining of the palate during fetal development.

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Genetic Map

A graphical representation of the arrangement of genes or sequence of DNA on a chromosome, indicating the relative distances between genetic markers.

Dominant Gene

A genetic trait that is expressed in an individual's phenotype, overshadowing the effect of a recessive gene if present.