As a Legal Entity a Corporation Can Perform the Following

question 40

Multiple Choice

As a legal entity a corporation can perform the following functions except:
I. borrow money; II) lend money;
III. sue and be sued;
IV. vote

• A) I and II only
• B) I, II, and III only
• C) IV only
• D) I, II, III and IV

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Definitions:

General Journal Entry

A basic accounting record used to document all the financial transactions of a business in chronological order.