Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

12. Stockholders' Equity

Characteristics of a Corporation

Financial Accounting

12. Stockholders' Equity

Characteristics of a Corporation

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Multiple Choice

An owner of a corporation is known as a:

Partner

Shareholder

Proprietor

Member

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Verified step by step guidance

Understand the structure of a corporation: A corporation is a legal entity that is separate from its owners, and ownership is represented by shares of stock.

Learn the terminology: The owners of a corporation are referred to as shareholders because they hold shares in the company.

Differentiate ownership types: Partners are associated with partnerships, proprietors with sole proprietorships, and members with limited liability companies (LLCs). These terms are not applicable to corporations.

Recognize the role of shareholders: Shareholders have rights such as voting on corporate matters, receiving dividends, and sharing in the company's profits based on the number of shares they own.

Apply the concept: In this problem, the correct term for the owner of a corporation is 'Shareholder,' as it aligns with the definition and structure of corporate ownership.