Lack of mutual agency is best described as which of the following? A. Shares...
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Accounting
Lack of mutual agency is best described as which of the following? A Shares of stock can be readily purchased and sold by investors on an organized stock exchange. B The liabilities of the corporation cannot be extended to the personal assets of the stockholder. C Stockholders are not authorized to sign contracts or make business commitments on behalf of the corporation. D Corporations pay income tax on corporate earnings, and shareholders pay income tax on corporate dividends. 
Lack of mutual agency is best described as which of the following?
A Shares of stock can be readily purchased and sold by investors on an organized stock exchange.
B The liabilities of the corporation cannot be extended to the personal assets of the stockholder.
C Stockholders are not authorized to sign contracts or make business commitments on behalf of the corporation.
D Corporations pay income tax on corporate earnings, and shareholders pay income tax on corporate dividends.
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