Which one of the following statements regarding companies is true?Select one:OA. A company does not have a separate legal identity to its owners.OB. Company shareholders are protected by limited liability.OC. The existence of a company is dependent on the continued existence of itsshareholders.D. Every company must issue ordinary and preference shares.DREVIQUORIOF

A. A company does not have a separate legal identity to its owners. One of the characteristics of…

Which one of the following statements regarding companies is true? Select one: OA. A company does not have a separate legal identity to its owners. OB. Company shareholders are protected by limited liability. C. The existence of a company is dependent on the continued existence of its shareholders. OD. Every company must issue ordinary and preference shares.

Which one of the following statements regarding companies is true? Select one: OA. A company does not have a separate legal identity to its owners. OB. Company shareholders are protected by limited liability. C. The existence of a company is dependent on the continued existence of its shareholders. OD. Every company must issue ordinary and preference shares.

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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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

Which one of the following statements regarding companies is true?
Select one:
OA. A company does not have a separate legal identity to its owners.
OB. Company shareholders are protected by limited liability.
OC. The existence of a company is dependent on the continued existence of its
shareholders.
D. Every company must issue ordinary and preference shares.
DREVIQUORIOF

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