Difference between revisions of "Limited liability"

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(Created page with "Limited liability is freedom of stockholders from personal liability for the debts of the corporation. ==Definitions== According to College Accounting: A Practical App...")
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Revision as of 11:55, 20 December 2018

Limited liability is freedom of stockholders from personal liability for the debts of the corporation.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Limited liability. Freedom of stockholders from personal liability for the debts of the corporation.

Related concepts

Related coursework