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Accounting
Note: This question may have only one correct answer, or it may have more than one. Please select any and all of the correct answers from the choices below. When determining whether or not to pierce a company veil, a court may consider all of the following factors EXCEPT: Whether all corporate formalities have been observed Whether the company has been used to perpetraten fraud Whether the company would be at risk of bankruptcy Whether the individual has treated the company as a separate entity Whether the individual has sufficient assets to cover the amount still owed after company funds have been exhausted Whether funds have been commingled
Note: This question may have only one correct answer, or it may have more than
one. Please select any and all of the correct answers from the choices below.
When determining whether or not to pierce a company veil, a court may
consider all of the following factors EXCEPT:
Whether all corporate formalities have been observed
Whether the company has been used to perpetraten fraud
Whether the company would be at risk of bankruptcy
Whether the individual has treated the company as a separate entity
Whether the individual has sufficient assets to cover the amount still owed after
company funds have been exhausted
Whether funds have been commingled
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