Which of the following characteristics of a corporation limits a stockholder's loss to the amount of his or her investment in the stock of the corporation? a. Separate legal entity b. Separation of ownership and management c. Transferability of ownership d. Limited liability
Which of the following characteristics of a corporation limits a stockholder's loss to the amount of his or her investment in the stock of the corporation? a. Separate legal entity b. Separation of ownership and management c. Transferability of ownership d. Limited liability
Chapter18: Corporations: Organization And Capital Structure
Section: Chapter Questions
Problem 11DQ
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Which of the following characteristics of a corporation limits a stockholder's loss to the amount of his or her investment in the stock of the corporation?
a.
Separate legal entity
b.
Separation of ownership and management
c.
Transferability of ownership
d.
Limited liability
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