Which of the Following Is True Regarding Corporations Other Than

question 57

Multiple Choice

Which of the following is true regarding corporations other than S corporations?

• A) A corporation is not a separate legal entity.
• B) A corporation may not be sued.
• C) A corporation is created according to federal law.
• D) Shareholders may typically be held liable for debts of the corporation.
• E) The corporation must pay taxes on profits, and shareholders must pay taxes on dividends they receive from the corporation.

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Definitions:

Trailing Zeroes

Numbers at the end of a decimal number to the right of the last non-zero digit, often significant in precision measurements.

Multiplier

A factor by which another number is multiplied, often used in dosing calculations to adjust for patient weight or surface area.

Product

The result of multiplying two or more numbers or factors together.

Base

In chemistry, a base is a substance that can accept hydrogen ions or donate an electron pair in reactions.