Which one of the following statements about limited liability is correct? A. Where a company...
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Accounting
Which one of the following statements about limited liability is correct? A. Where a company limited by shares has issued partly paid shares, members have a personal liability to satisfy payment of the company's debts. B. Companies limited by guarantee are no longer in use today. C. In a winding up of an unlimited liability company members are liable for the company's debts without limit. D. Although there are four different types of companies that can be formed, only companies limited by shares are registered today. E. None of the above, that is all the above statements are incorrect.
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