Which of the Following Is NOT a Characteristic of a Corporation

question 165

Multiple Choice

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

• A) Limited liability for shareholders
• B) Double taxation
• C) Separation of ownership problems
• D) Limited ability to raise capital funds

---

Definitions:

Annual Reports

Comprehensive reports on a company's activities throughout the preceding year, intended to give shareholders and other interested parties information about the company's financial performance.

Footnotes

Additional information provided in financial statements to clarify figures or add context for readers.

Cost Method

A valuation approach in accounting that assigns the initial purchase price to inventories or investments.

Treasury Stock

Shares of a company's own stock that it has reacquired from shareholders, but not retired, and are available for reissuance or other corporate uses.