Asked by
Vanessa Ossorio
on Nov 13, 2024
Verified
A legal entity, separate from the people who create and operate it
A) Articles of incorporation
B) Limited liability
C) Bylaws
D) Corporation
E) Public corporation
F) Board of directors
G) Private corporation
H) Dividends
Corporation
A legal entity separate from its owners, with its own rights and liabilities, capable of conducting business.
Legal Entity
An organization that has legal rights and obligations, including the ability to enter into contracts and own assets, separately from its owners.
Public Corporation
A type of company that issues shares of stock that are publicly traded on one or more stock exchanges.
- Examine the differences in characteristics between common stock, preferred stock, and other equity entities.
Verified Answer
MK
Learning Objectives
- Examine the differences in characteristics between common stock, preferred stock, and other equity entities.