Chapter 9 Stockholders’ Equity Short Exercises (5 min.) S 9-1Corporation’s advantages: •Continuous life and transferability of ownership •Limited liability of the stockholders Corporation’s disadvantages: •Corporate taxation •Government regulation (5 min.) S 9-21. The stockholdershold ultimate power in a corporation. 2. The chairpersonof the board of directors is usually the most powerful person in a corporation. Title is CEO. 3. The presidentis in charge of day-to-day operations. Title is COO. 4. The chief financial officer is in charge of accounting and finance. Title is CFO. Chapter 9 Stockholders’ Equity 563
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