Which of these is not a consequence of the status of a company as a separate legal entity?
A) the right to enter into contracts in its own name
B) the right to retain profits
C) the obligation to pay taxation
D) None of the above, i.e. all are consequences of the status of a company as a separate legal entity.
Correct Answer:
Verified
Q1: An advantage of a partnership compared with
Q2: The factor that would not normally be
Q3: The company 'Raider Limited' must be:
A) a
Q4: Which of these is a disadvantage of
Q6: The accounting convention that seeks to reduce
Q7: Limited liability means:
A) the liability of shareholders
Q8: The most important determinant of the market
Q9: Information which by its omission, misstatement or
Q10: Which of these is an accounting entity?
A)
Q11: The accounting assumption that a business will
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents