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973. Characteristic of corporation that it can continue its work even owners are decreased can be classified as

August 24, 2025 by Administrator

limited life

unlimited life

corporate life

deceased partnership

✅ The correct answer is B.
Characteristic of corporation that it can continue its work even owners are decreased can be classified as unlimited life.

Categories Art, Financial Management Tags art mcqs, Financial Management mcqs

972. “Calculate the prime cost from the following information: Direct material purchased: Rs. 1,00,000. Direct material consumed: Rs. 90,000. Direct labour: Rs. 60,000. Direct expenses: Rs. 20,000. Manufacturing overheads: Rs. 30,000.”

974. A right which controls and prevents transfer from current stockholders to other new stockholders is considered as

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