Which of the following is not an effect of incorporation? Corporations receive a favorable tax treatment on corporate earnings. A corporation is a separate legal entity from the shareholders. Has an indefinite life and cannot be terminated. Assets and liabilities acquired or owned belong to the corporation.

Which of the following is not an effect of incorporation? Corporations receive a favorable tax treatment on corporate earnings. A corporation is a separate legal entity from the shareholders. Has an indefinite life and cannot be terminated. Assets and liabilities acquired or owned belong to the corporation.

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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