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mrs_skeptik [129]
3 years ago
12

Legally a corporation is a thing that can endure beyond the natural lives of its members and that has incorporators who may sue

and be sued as a unit and who are able to consign part of their property to the corporation for ventures of limited liability.
A) True
B) False
Business
1 answer:
Fed [463]3 years ago
7 0

Answer:

A) True

Explanation:

A corporation is a distinct and separate legal entity from its owners. It enjoys commercials' rights and has obligations, just like a person does. Corporations transact business,  can enter a contract, borrow money, sue, or be sued.

The most salient feature of a corporation is that its owners have limited liability. It means that the owners of a corporation are liable for its obligation up to the extent of their capital contribution. If a corporation is unable to meet its debts, the personal properties of its owners can not be attached to the liabilities.

Many corporations outlive their founders. The most famous companies were incorporated decades ago. A corporation is often described as a legal person. Its lifespan is not dependent on the lives of its owners.

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Answer:

Explanation:

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The Ending balance of earnings retained = Starting balance of earnings retained + net income - dividend paid

And, Ending balance of common stock = Starting balance of common stock + issued stock

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3 years ago
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Yanka [14]
True. Have a nice day
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Many managers today were trained under assumptions of adversarial relationships with other companies. Do you think operating as
dusya [7]

Answer:

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3 years ago
What is the expected after-tax cash flow from selling a piece of equipment if GlivCo purchases the equipment today for $730,000,
Helen [10]

Answer: $108,860

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Book value at time of sale:

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Inessa05 [86]

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