Which of the Following Is Not a Characteristic of a Corporation

question 124

Multiple Choice

Which of the following is not a characteristic of a corporation?

• A) The financial loss that a stockholder may suffer from owning stock in a public company is limited.
• B) Cash dividends paid by a corporation are deductible as expenses by the corporation.
• C) A corporation can own property in its name.
• D) Corporations are required to file federal income tax returns.

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Definitions:

Ownership of Property

The legal right or title to possess, use, and enjoy a specified piece of land or goods.

Trademark Law

The area of law that deals with the registration, protection, and enforcement of trademarks, which distinguish goods and services of one entity from those of others.

Distinctive Marks

Identifying traits or symbols that set something apart from others, often used in branding or for identification purposes.

Billing Programs

Software solutions designed to help professionals, especially in legal and service-oriented fields, accurately track time and expenses for invoicing clients.