Which of the following is not a factor that may lead to "piercing the corporate veil" and imposing liability on corporate owners (shareholders)?
A) grossly inadequate capitalization of the corporation
B) formation of the corporation to avoid personal liability for business obligations
C) formation of the corporation to perpetuate a fraud or conceal illegality
D) shareholder diversion of corporate funds or assets
B
You might also like to view...
Explain the pass through fraud
List three ways in which sustainability affects an organization's business model, structure, and processes.
What will be an ideal response?
Mobile billboard ads enjoy high levels of recall and readership, leading to increased sales.
Answer the following statement true (T) or false (F)
Performing a detailed analysis of cost per unit and cost drivers is an essential prerequisite for using:
A. concurrent engineering B. activity-based costing C. computer-integrated manufacturing D. flexible manufacturing