Corporation

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Corporation is a business organization that is both a legal and accounting entity.


Definitions

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

Corporation. Business organization that is both a legal and accounting entity.

According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),

Corporation. A legal entity created by a state, separate and distinct from its owners and managers, having unlimited life, easy transferability of ownership, and limited liability.

According to Management by Robbins and Coulter (14th edition),

Corporation. A legal business entity that is separate from its owners and managers.

Related concepts

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