True .
The main one of the feature of corporation is considered to be an entirely separate operating and legal entity. It operates separately from its owners, and has many of the rights and responsibilities of a person.
Hence the liability of person is different from entity . If company suffer's any loss the personal property of owner cannot get attracted .
The formation of a corporation is a way to circumvent personal liability True or False 1:31...
True or False Stock received in exchange for services provided to the corporation in the formation of the corporation can never be counted in determining if the control test is met for 5351 purposes. Stock received in exchange for services provided to the corporation in the formation of the corporation can never be counted in determining if the control test is met for 5351 purposes
please answer whether the following are true or false TRUE OR FALSE A TRUE B- FALSE 1. Given two possible legal ways of doing a business transaction, one is legally obligated to do the deal in the way that results in the higher income tax. 2. The 100% owner of a Limited Liability Company is personally liable for all debts of the LLC 3. A "C" corporation is allowed an "ordinary and necessary" deduction for dividends paid to shareholders. 4....
Stockholders accept personal liability for the debts of a company as they are the owners of the company. True or false?
Indicate whether each of the following statements is true or false. 1. The corporation is an entity separate and distinct from its owners 2. The liability of stockholders is normally limited to their investment in the corporation.
True or False: A liability should be classified on the balance sheet as a "current liability when the company expects to decrease or satisfy the liability within one year or the operating cycle, whichever is longer. Select one: True False
True or False: A limited liability company (LLC) is taxed like a partnership but provides limited liability for itsowners, similar to a corporation.
True/False Indicate whether the statement is true or false _____ 3. "Piercing the corporate veil" will result in personal liability of shareholders. _____ 5. Under Subchapter S of the Internal Revenue Code, a corporation's income is taxed only at the shareholder level. _____ 6. The doctrine of ultra vires is of more significance today than it has been in the past. _____ 7. A corporation has no constitutional protection against unreasonable searches and seizures.
Accumulated depreciation is a liability. True False
true or false QUESTION 1 1 points (Extra Cre A scatterplot is a way to visually inspect the correlation of two variables. True or false: A frequency table is a way to tell if two variables are correlated. b
An example of a strict liability crime is robbery. True False