Which of the following is not a characteristics of a corporation?
A) It has perpetual existence.
B) It is a legal entity of its own.
C) It is able to be sued and to sue.
D) It is usually managed by its shareholders.
D
You might also like to view...
There are only four legal structures to form and operate a business
a. True b. False Indicate whether the statement is true or false
Which of the following is not a component of free cash flow?
a. Purchases of plant assets b. Net income c. Dividends d. Net cash flows from operating activities
Data collection methods for the needs analysis include ______.
a. interviews b. surveys and online tools c. organizational archives d. all of these
At the end of the current accounting period, Ringgold Co. recorded depreciation of $15,000 on its equipment. What is the effect of this entry on the company's balance sheet?
A. Decrease assets and increase liabilities B. Decrease stockholders' equity and decrease assets C. Decrease stockholders' equity and increase liabilities D. Decrease assets and increase stockholders' equity