Which of the following is a false statement concerning corporations? Select one: a. The corporation has unlimited liability for business debts. O b. The life of the corporation is unlimited. O c. When dividends are paid, net corporate profits are essentially taxed twice. O d. It is relatively simple to transfer ownership of corporate shares. Clear my choice
Which of the following is a false statement concerning corporations? Select one: a. The corporation has unlimited liability for business debts. O b. The life of the corporation is unlimited. O c. When dividends are paid, net corporate profits are essentially taxed twice. O d. It is relatively simple to transfer ownership of corporate shares. Clear my choice
Chapter3: Corporations: Introduction And Operating Rules
Section: Chapter Questions
Problem 49P
Related questions
Question
Transcribed Image Text:Which of the following is a false statement concerning
corporations?
Select one:
a. The corporation has unlimited liability for business
debts.
O b. The life of the corporation is unlimited.
O c. When dividends are paid, net corporate profits are
essentially taxed twice.
O d. It is relatively simple to transfer ownership of corporate
shares.
Clear my choice
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you