Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. which one of the following statements is correct?

Which one of the following statements is correct? (A)The liability of each stockholder is limited...

90.2K

Verified Solution

Question

Accounting

Which one of the following statements is correct?

(A)The liability of each stockholder is limited to the dollar amount of that stockholder's ownership interest.

(B) Day-to-day decisions about corporate activity are made by a board of directors.

(C)A stockholder who sells his stock disrupts the legal existence of the corporation.

(D)Corporations are formed under federal law.

(E) A corporation must have at least two owners.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Consider the following hypothesis test: H 0:   50 H a:  > 50 A sample of 55 is used and the...

Basic Math
1.2K views

you wish to test the following claim ( H a ) at a significance level of...

Medical Sciences
1.2K views

By means of examples for each of the following components: book, book chapter, journal, website and a...

Chemistry
1.2K views

O2 (g) is sealed in a container at t=200k and p=43.0 bar. Using various techniques the...

Psychology
1.2K views

Identify the contrasting beliefs underlying debate over the issue of mascots depicting American Indian figures. Which...

Biology
1.2K views

ENTS Submit Section 6 Graded Question Darwinian Snail Q6 4 The 14 species of finches...

Basic Math
1.2K views

int Exercise 7 16A Algo Accounts receivable turnover and average days to collect accounts receivable...

Basic Math
1.2K views

Is the set of rational numbers a group under the operation of addition?Is the set...

Basic Math
1.2K views

Choose one of the following questions to answer Level 4- A new supermarket was...

Algebra
1.2K views

Determine the transformations to the parent function y = xy = 1/(x+2)-1compressed by a factor...

Accounting
1.2K views

The December bank statement and cash T-account for Stewart Company follow: ...

Accounting
1.2K views

Required information [The following information applies to the questions displayed below.] On January 1,2024 ,...