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Which of these is not a characteristic of a company? Select one: a. Indefinite life b. Many owners called shareholders c. It is a separate legal entity d. Owners are personally liable for the company's debts
The first choice is entirely appropriate
a. Indefinite life that's my thoughts
Thank you for your invitation.
A. Indefinite Life
The principle which states that assets acquired by the business should be recorded at their acquisition price is the:
a. profit recognition principle
b. entity principle
c. going-concern principle
d. cost principle
A. Indefinite Life,
Because a multi national company has a shareholders and its true that owner has a liable for the comapny;s debts too.
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