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Homework answers / question archive / A corporation is: A
A corporation is:
A. owned by stockholders who enjoy the privilege of limited liability.
B. easily divisible between owners.
C. a separate legal entity with perpetual life.
D. All of the above.
Correct answer: Option D) All of the above.
Explanation:
A corporation is owned by th equity shareholders who have limited liability to the extent of unpaid share calls and it is easily divisible between owners and has a separate legal entity i.e it is different from its members. A corporate form of business is assumed to be a going concern.
