Which of the Following Is One Defining Feature of Corporations

question 120

Multiple Choice

Which of the following is one defining feature of corporations?

• A) Corporations are taxed at the same rate as individuals.
• B) Corporations are taxed at a lower rate than individuals.
• C) Corporation owners are responsible for harms they cause.
• D) Corporation owners are responsible for debts the corporation accrues.

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Definitions:

Petty Cash Fund

A small amount of cash kept on hand for minor and incidental expenses.