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Author Question: Which of the following is true about a corporation? A) Corporations must have a minimum of two or ... (Read 79 times)

Shelles

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on: Jul 5, 2018
Which of the following is true about a corporation?
 
  A) Corporations must have a minimum of two or more shareholders.
  B) Each individual shareholder has individual legal responsibility for the corporation's actions.
  C) Corporations are exempt from taxes; however, the shareholders are required to pay taxes on dividends received.
  D) Managers of corporations can be held responsible for the actions of the corporation.

Question 2

If the ownership of merchandise passes to the buyer when the seller delivers the merchandise for shipment, the terms are stated as FOB destination.
 a. True
  b. False
 
   Indicate whether the statement is true or false


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izzat

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Reply #1 on: Jul 5, 2018
Answer to Question 1

D

Answer to Question 2

False


Shelles

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Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

raili21

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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