Which of the following show why a corporation is the most important form of business? ☐ Corporations can vote in general elections. Corporations can enter into contracts. Corporations can sue and be sued. A corporation is a separate legal entity with the ability to acquire and exchange property.
Which of the following show why a corporation is the most important form of business? ☐ Corporations can vote in general elections. Corporations can enter into contracts. Corporations can sue and be sued. A corporation is a separate legal entity with the ability to acquire and exchange property.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter15: Contributed Capital
Section: Chapter Questions
Problem 2GI
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Question
![Which of the following show why a corporation is the most important form of business?
☐ Corporations can vote in general elections.
Corporations can enter into contracts.
Corporations can sue and be sued.
A corporation is a separate legal entity with the ability to acquire and exchange property.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb6c26b24-f410-45a2-9145-891acaad5c35%2F32ad87dd-977b-4bdc-8462-e84eb3cff422%2Fcrvfdr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Which of the following show why a corporation is the most important form of business?
☐ Corporations can vote in general elections.
Corporations can enter into contracts.
Corporations can sue and be sued.
A corporation is a separate legal entity with the ability to acquire and exchange property.
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