Which of the following is not a characteristic of a corporation? a.Corporations experience an ease in obtaining large amounts of resources by issuing stock. b.A corporation's resources are limited to its individual owners' resources. c.Ownership is divided into shares of stock. d.Corporations are organized as a separate legal taxable entity.

Income Tax Fundamentals 2020
38th Edition
ISBN:9780357391129
Author:WHITTENBURG
Publisher:WHITTENBURG
Chapter11: The Corporate Income Tax
Section: Chapter Questions
Problem 12MCQ
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Which of the following is not a characteristic of a corporation?

a.Corporations experience an ease in obtaining large amounts of resources by issuing stock.
b.A corporation's resources are limited to its individual owners' resources.
c.Ownership is divided into shares of stock.
d.Corporations are organized as a separate legal taxable entity.
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