Sophia Pathways Accounting
Ashford University
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Sophia Pathways Accounting - Final Milestone
- Exam (elaborations) • 15 pages • 2023
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- $14.99
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1 
Which of the following is a major advantage to forming a corporation? 
•	 
Lenders of a corporation do not have the right to claim the corporation's assets to pay its debts. 
•	 
The income from a corporation is not taxed. 
•	 
Stockholders have limited liability for the debts of the corporation. 
•	 
A corporation is usually managed by its owners. 
CONCEPT 
Businesses and Organizations 
2 
Which of the principles below does Val follow when she reviews her records to make sure th...
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Sophia Pathways Accounting - Final Milestone (100% CORRECT)
- Exam (elaborations) • 15 pages • 2023
-
- $14.99
- + learn more
1 
Which of the following is a major advantage to forming a corporation? 
•	 
Lenders of a corporation do not have the right to claim the corporation's assets to pay its debts. 
•	 
The income from a corporation is not taxed. 
•	 
Stockholders have limited liability for the debts of the corporation. 
•	 
A corporation is usually managed by its owners. 
CONCEPT 
Businesses and Organizations 
2 
Which of the principles below does Val follow when she reviews her records to make sure th...
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