Which statement about corporation is FALSE? A. Limited life is an advantage B. T

Question

Which statement about corporation is FALSE? A. Limited life is an advantage B. The ease of transferring ownership is an advantage C. A greater ability to raise capital than other forms of organization is an advantage. D. Double taxation of distributed profits is a disadvantage Which statement about corporation is FALSE? A. Limited life is an advantage B. The ease of transferring ownership is an advantage C. A greater ability to raise capital than other forms of organization is an advantage. D. Double taxation of distributed profits is a disadvantage A. Limited life is an advantage B. The ease of transferring ownership is an advantage C. A greater ability to raise capital than other forms of organization is an advantage. D. Double taxation of distributed profits is a disadvantage

Explanation / Answer

correct option is "A"- Limited life is an advantage

A corporation is formed on going concern basis which means it will carries on its business for future indefinite life.

Therefore it does not have limited life which is its advantage .

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