Examlex
Which of the following BEST describes binge drinking among college students?
Corporation
A legal entity owned by shareholders, with the characteristic of limited liability, and capable of owning assets, suing or being sued.
Charter
A charter is a legal document that establishes a corporation or municipality and defines its rights, privileges, and purposes.
Total Stockholders' Equity
The total value of a company's assets minus its liabilities, representing the equity stake of investors in the company.
Treasury Stock
Shares that were once outstanding but were bought back by the company and are held in its treasury.
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