Acc291 week 4 test - Study guides, Class notes & Summaries

Acc 291 Week 4 Quiz Practice Question 01 The stockholders of a corporation have unlimited liability. True False Practice Question 05 Which of the following is a disadvantage of the corporate business form? No income taxes Easy acquisition of capital Government regulation Continuous life Practice Question 10 If a corporation issues 1,000 shares of $3 par common stock for $7 a share, how much is the legal capital? $3,000 $4,000 ...