Which of the Following Statements Is True of a Corporation

question 39

Multiple Choice

Which of the following statements is true of a corporation?

• A) Shareholders can be required to pay debts of the corporation.
• B) Shares of stock cannot be readily purchased and sold by investors on an organized stock exchange.
• C) Shareholders are authorized to sign contracts or make business commitments on behalf of the corporation.
• D) Corporations pay income tax on corporate earnings, and shareholders pay income tax on the dividends received.

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Definitions:

Structural History

The record of geologic events that have shaped a region's earth materials and structures over time.

Metamorphic History

The geological history of a rock that has undergone transformation by heat, pressure, or chemically active fluids.

Temperature-Pressure History

The record of variations in temperature and pressure that a geological body has experienced over time, crucial for understanding metamorphic processes and the conditions of mineral formation.

Shortened

The term shortened in a geological sense refers to a reduction in the horizontal extent of the Earth's crust, often resulting from tectonic processes such as mountain building (orogeny).