Which of the following is true about a corporation? It combines the advantages of the other forms-sole proprietorship, partnership, and limited liability corporation. Only a for-profit business can be registered as a corporation. For liability purposes, it functions as general partnership. For tax purposes, it functions as a partnership. It exists as a legal entity separate from its owners.

Which of the following is true about a corporation? It combines the advantages of the other forms-sole proprietorship, partnership, and limited liability corporation. Only a for-profit business can be registered as a corporation. For liability purposes, it functions as general partnership. For tax purposes, it functions as a partnership. It exists as a legal entity separate from its owners.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter1: The Role And Objective Of Financial Management

Section: Chapter Questions

Problem 18QTD

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