Assuming ABC's Corporate Status Is in Place,which of the Following

question 6

Multiple Choice

Assuming ABC's corporate status is in place,which of the following is Bernice's best theory,if any,in order to hold Slick personally liable to her?

• A) That the corporate veil should be pierced because Slick committed fraud through the corporation.
• B) That in equity Slick should be held personally liable.
• C) That Slick should be personally liable because of his status as a shareholder.
• D) That Slick should be personally liable because he acted on behalf of the corporation in soliciting the funds.
• E) Because of ABC's corporate status and her responsibility to investigate the situation, she will not be able to hold Slick personally liable to her.

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Definitions:

Comprehensive Income

The total change in equity for a reporting period other than transactions from owners, including all revenues, gains, expenses, and losses.

Total Assets

The sum of all assets owned by a company, as reported on the balance sheet, that are expected to provide future economic benefits.

Integrated Disclosures

Reporting that combines financial, environmental, and social performance information into a single, cohesive document, aiming to provide a more comprehensive view of an organization's performance.

SEC

The Securities and Exchange Commission, a federal agency responsible for enforcing federal securities laws and regulating the securities industry.