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1. Which of the following is a characteristic of specific to corporations?
A. Double taxation
B. Mutual agency
C. Unlimited liability
D. One or more owners;
2. A stock dividend:
A. decreases Common Stock.
B. increases Total Equity.
C. decreases Total Equity.
D. decreases Retained Earnings.
Solution
1 Double taxation is a characteristic of specific to corporations. Option A is correct
2 A stock dividend decreases Retained Earnings. Option D is correct

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1. Which of the following is a characteristic of specific to corpora.pdf

  • 1. 1. Which of the following is a characteristic of specific to corporations? A. Double taxation B. Mutual agency C. Unlimited liability D. One or more owners; 2. A stock dividend: A. decreases Common Stock. B. increases Total Equity. C. decreases Total Equity. D. decreases Retained Earnings. Solution 1 Double taxation is a characteristic of specific to corporations. Option A is correct 2 A stock dividend decreases Retained Earnings. Option D is correct