Which of the Following Is Not a Characteristic of a Corporation

question 33

Multiple Choice

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

• A)Ease of formation
• B)No mutual agency
• C)Unlimited life
• D)Limited liability

Analyze the impact of gene interactions on hybrid fitness and speciation.

Understand the limitations of species concepts in classifying organisms.

Identify mechanisms of allopatric speciation.

Discriminate between situations evidencing reproductive isolation.

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Definitions:

Adjusted Trial Balance

The trial balance prepared after all the adjusting entries have been posted.

Financial Statements

The formal records of the financial activities and position of a business, person, or other entity, typically including the balance sheet, income statement, and cash flow statement.

Plant Asset

Long-term tangible assets used in the operation of a business and not intended for resale.

Current Liabilities

Liabilities that will be due within a short time (usually one year or less) and that are to be paid out of current assets.