Which of the following statements always apply to corporations? a. Unlimited liability. b. Limited life. c. Ownership

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Which of the following statements always apply to corporations?

a. Unlimited liability.

b. Limited life.

c. Ownership can be transferred without affecting operations.

d. Managers can be fired with no effect on ownership.

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Principles of Corporate Finance

ISBN: 978-0077404895

10th Edition

Authors: Richard A. Brealey, Stewart C. Myers, Franklin Allen

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Question Posted: Dec 31, 2012 10:28 AM

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Which of the following statements always apply to corporations? a. Unlimited liability. b. Limited life. c. Ownership

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c Ownership can be tran...View the full answer

Principles of Corporate Finance

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