Which of the following is not an effect of incorporation? Corporations receive a favorable tax treatment on corporate earnings. A corporation is a separate legal entity from the shareholders. Has an indefinite life and cannot be terminated. Assets and liabilities acquired or owned belong to the corporation.

Which of the following is not an effect of incorporation? Corporations receive a favorable tax treatment on corporate earnings. A corporation is a separate legal entity from the shareholders. Has an indefinite life and cannot be terminated. Assets and liabilities acquired or owned belong to the corporation.

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter11: The Corporate Income Tax

Section: Chapter Questions

Problem 14MCQ

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