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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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Posts: 4891
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7 years ago
Which of the following is a characteristic of a corporation?
A) All shares of a corporation must be held by a single individual.
B) Lenders of a corporation do not have the right to claim the corporation's assets to satisfy their obligations.
C) Each stockholder has the authority to commit the corporation to a binding contract through his/her actions.
D) A corporation is owned by stockholders.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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wrote...
#1
7 years ago
D
H3Ko Author
wrote...
#2
7 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
wrote...
#3
7 years ago
You are welcome!!
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