1 Which of the following is a characteristic of specific to

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