Cassandra Is the Sole Shareholder of a Corporation, Incorporated Under

question 33

Multiple Choice

Cassandra is the sole shareholder of a corporation, incorporated under the Canada Business Corporations Act, which carries on a grocery store business.Which of the following statements is FALSE?

• A)Cassandra could work as a cashier employed by the corporation.
• B)If Cassandra was killed in an automobile accident, the corporation would continue to exist.
• C)Cassandra will pay no tax no matter what the corporation's profits are until some amount is paid to her personally.
• D)Cassandra does not own any of the specific assets of the corporation.
• E)Cassandra is personally liable for the debts of the corporation, in all circumstances

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Definitions:

Crafts Activity

Creative activities involving the making of decorative or functional items by hand.

Performance Portion

The segment or part of an evaluation or assessment that measures the actual execution or demonstration of skills and knowledge.

Curfew

A regulation or order specifying a time by which individuals must remain indoors, typically enforced by authorities to maintain public order.

Weeknights

The evenings of the weekdays, typically from Monday to Friday, considered as a timeframe for routine activities.