Homework Answers
Solution 1:
A corporation:
1. Is owned by stockholders.
2. Has limited risk to stockholders.
3. Is legally separate from its owners.
Hence option D "All of the above" is correct.
Solution 2:
If owner withdraw cash from business "Cash would decrease and withdrawls would increase"
Hence option C is correct.
Solution 3:
False, owner investment is not considered revenue for the business instead same is considered as capital contribution.
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