Which of the Following Statements Describes the Corporate Characteristic Termed

question 143

Multiple Choice

Which of the following statements describes the corporate characteristic termed double taxation?

• A) The liabilities of the corporation cannot be extended to the personal assets of the shareholder.
• B) Shares of stock can be readily bought and sold by investors on the open market.
• C) Shareholders are not authorized to sign contracts or make business commitments on behalf of the corporation.
• D) Corporations pay income tax on corporate earnings, and shareholders pay personal income tax on corporate dividends and gains from sale of stock.

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Definitions:

Encoding Tools

Tools or techniques used in communication to convert ideas or information into a form that can be transmitted and understood by others.

Body Language

Non-verbal communication through physical behaviors such as facial expressions, gestures, and postures.

Visual Materials

Items such as charts, graphs, pictures, or videos used to supplement a presentation or communication, making information more accessible and engaging.

Social Meaning

The significance or interpretation of behaviors, symbols, or practices within a particular society or cultural context, influencing interactions and perceptions.