select all the correct answers. which two sentences describe the characteristics of a corporation? the…

select all the correct answers. which two sentences describe the characteristics of a corporation? the company is treated as a separate tax entity by law. the owners have to accept partial liability for debts. it is possible to raise large amounts of capital by selling company stock. the owners are known as corporations.

select all the correct answers. which two sentences describe the characteristics of a corporation? the company is treated as a separate tax entity by law. the owners have to accept partial liability for debts. it is possible to raise large amounts of capital by selling company stock. the owners are known as corporations.

Answer

Brief Explanations:

A corporation is a separate legal entity from its owners. Owners are shareholders, not called corporations. Shareholders have limited liability and corporations can raise large - scale capital by selling stocks. Also, a corporation is a separate tax entity. Owners do not have partial liability for debts as their liability is limited to their investment.

Answer:

  • It is possible to raise large amounts of capital by selling company stock.
  • The company is treated as a separate tax entity by law.