Question: Which of the following is a characteristic of a corporation? A. Lenders of a corporation do not have the right to claim the corporation's assets

Which of the following is a characteristic of a corporation?

A.

Lenders of a corporation do not have the right to claim the corporation's assets to satisfy their obligations.

B.

Each stockholder has the authority to commit the corporation to a binding contract through his/her actions.

C.

Corporations are separate taxable entities.

D.

Corporations are subjected to less governmental regulation than other forms of businesses.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

TRUE FALSE. Write T if the statement is true and F if the statement is false. 1) Accounting is the information system that measures business activities, processes the information into reports, and...

Q:

18) The statement of retained emines informs users about how much of the earnings were kept and reinvested in the company. 19 If the total debits equal the total credits on the trial balance, the...

Q:

Question 17 (2 points) Which of the following is a characteristic of a corporation? ob Lenders of a corporation do not have the right to claim the corporation's assets to satisfy their obligations....

Q:

Managerial accounting provides information to _ _ _ _ _ _ _ _ . A ) internal decision - makers B ) outside investors and lenders C ) creditors D ) taxing authorities 2 . The field of accounting that...

Q:

please help! pracrice exam but doesnt have answers to check 3. Which of the following users would rely on managerial accounting information for decision-making purposes? A) potential investors B)...

Q:

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) 1) The income statement presents a summary of an entity's revenues and expenses for a period...

Q:

ACCOUNTING - STOCK QUESTIONS On December 2, 2015, Ewell Inc. purchases a piece of land from the original owner. In payment for the land, Ewell Inc. issues 8,000 shares of common stock with $1.00 par...

Q:

Question 3 1 pts Which of the following is a characteristic of a corporation? A corporation is owned by stockholders. Each stockholder has the authority to commit the corporation to a binding...

Q:

7 1) Which of the following is a characteristic of a corporation? a. A corporation is owned by shareholders. b. Lenders of a corporation do not have the right to claim the corporation's assets to...

Q:

1) Which of the following is a characteristic of a corporation? a. A corporation is owned by shareholders. b. Lenders of a corporation do not have the right to claim the corporation's assets to...

Q:

Compute the annual interest payments and principal amount for a Treasury Inflation-Protected Security with a par value of $1,000 and a 3 percent interest rate if inflation is 4 percent in year one, 5...

Q:

When an opinion poll calls landline telephone numbers at random, approximately 30% of the numbers are working residential phone numbers. The remainder is either non-residential, non- working, or...

Q:

If the correlation between two stocks is - 1 , the return on two stocks: Group of answer choices Is perfectly positively correlated Is perfectly negatively correlated Is Unrelated None of the above

Q:

Calculate the minimum and maximum takt time for the given

Q:

Describe the job youd like to be doing five years from now.

Q:

4 Should Su be responsible for making any changes in her communication with her doctor?

Q:

So what disadvantages have you witnessed? (specific)