Extent of shareholders liability to corporate creditors

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Which of the following is true regarding the extent of shareholder’s liability to corporate creditors? a.A shareholder is Liable to the corporation’s creditors to the extent of the value of the shareholder’s corporate shares b.A shareholder is Liable to the corporation’s creditors to the extent the corporation is unprofitable during a reporting period. c.A shareholder is personally liable to the corporation’s creditors regardless of the value of the shareholder’s corporate shares. d.A shareholder is Liable to the corporation’s creditors to the extent that the shareholder’s equity exceeds corporate assets.

Reference no: EM131102584

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