Describe how each of the following characteristics of organizations applies to corporations. 1. Duration of life 2.
Question:
1. Duration of life
2. Owner liability
3. Legal status
4. Tax status of income
5. Owner authority and control
6. Ease of formation
7. Transferability of ownership
8. Ability to raise large capital amounts
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Characteristic Corporations 1 Duration of life Unlimited 2 Owner liability Limited 3 Legal st...View the full answer
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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