Acc291 week 4 test - Study guides, Class notes & Summaries
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ACC 291 Week 4 Quiz /ACC291 Week 4 Test Questions and Answers Latest Study Guide
- Exam (elaborations) • 4 pages • 2021
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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 
 
 ...
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