Decide which of the following statements are true.I.In most circumstances, the owners of corporations enjoy reduced liability, increasedliquidity and greater growth potential than owners of other forms of business.II.The term "LLC" or "Limited Liability Company", is a corporation that elects to limitliability for its shareholders through the use of off-shore and special purpose entities.II.The corporate form of business can help shield its owners from the liabilities of thecorporation.Select one:O a. One is true.O b. Two are true.O C. All are true.O d. All are false.

Answer : Option (a).One is true is correct.

Decide which of the following statements are true. I. In most circumstances, the owners of corporations enjoy reduced liability, increased liquidity and greater growth potential than owners of other forms of business.

Decide which of the following statements are true. I. In most circumstances, the owners of corporations enjoy reduced liability, increased liquidity and greater growth potential than owners of other forms of business.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Decide which of the following statements are true.
I.
In most circumstances, the owners of corporations enjoy reduced liability, increased
liquidity and greater growth potential than owners of other forms of business.
II.
The term "LLC" or "Limited Liability Company", is a corporation that elects to limit
liability for its shareholders through the use of off-shore and special purpose entities.
II.
The corporate form of business can help shield its owners from the liabilities of the
corporation.
Select one:
O a. One is true.
O b. Two are true.
O C. All are true.
O d. All are false.

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