Which of the following show why a corporation is the most important form of business? ☐ Corporations can vote in general elections. Corporations can enter into contracts. Corporations can sue and be sued. A corporation is a separate legal entity with the ability to acquire and exchange property.

Which of the following show why a corporation is the most important form of business? ☐ Corporations can vote in general elections. Corporations can enter into contracts. Corporations can sue and be sued. A corporation is a separate legal entity with the ability to acquire and exchange property.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter15: Contributed Capital

Section: Chapter Questions

Problem 2GI

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Question

Which of the following show why a corporation is the most important form of business?
☐ Corporations can vote in general elections.
Corporations can enter into contracts.
Corporations can sue and be sued.
A corporation is a separate legal entity with the ability to acquire and exchange property.

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