Which of the Following Statements Below Is Correct About a Corporation

question 8

Multiple Choice

Which of the following statements below is correct about a corporation and a partnership?

• A)A partnership is comprised of two or more owners,whereas a corporation must have only one owner.
• B)A corporation is legally responsible for its own taxes and debts.
• C)Owners of both entities are legally responsible for the taxes and debts of the business.
• D)Both entities issue shares of stock to owners.

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Definitions:

Louis Daguerre

A French artist and photographer recognized for his invention of the daguerreotype, one of the earliest photographic processes.

Joseph Niepce

Joseph Niepce was a French inventor who is credited with taking the world's first photograph in 1826 or 1827, pioneering a key moment in the history of photography.

Camera

A device used to capture images or video, either as still photographs or as moving images in the form of a video.

Film Processor

A machine or device used in the development and processing of photographic films to produce negatives or slides.