Which of the following is a false statement concerning corporations? Select one: a. The corporation has unlimited liability for business debts. O b. The life of the corporation is unlimited. O c. When dividends are paid, net corporate profits are essentially taxed twice. O d. It is relatively simple to transfer ownership of corporate shares. Clear my choice

Which of the following statements are true regarding corporations? Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect. ? Ownership rights cannot be easily transferred. ? Owners have unlimited liability for corporate debts. ? Capital is more easily accumulated than with most other forms of organization. ? Corporate income that is distributed to shareholders is usually taxed twice. ? It is a separate legal entity. ? It has a limited life. ? Owners are not agents of the corporation. ..........

An individual provides accounting services to a corporation in exchange for stock. the shareholder must recognize income and the corporation may deduct or capitalize the expenditure as would be deemed appropriate. A. True  B. False

Decide which of the following statements are true. I. In most circumstances, the owners of corporations enjoy reduced liability, increased liquidity and greater growth potential than owners of other forms of business. II. The term "LLC" or "Limited Liability Company", is a corporation that elects to limit liability for its shareholders through the use of off-shore and special purpose entities. II. The corporate form of business can help shield its owners from the liabilities of the corporation. Select one: O a. One is true. O b. Two are true. O C. All are true. O d. All are false.