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1 December, 07:34

Rita and Susan want to form and do business as Trips & Travel Agency, Inc. They will serve as the firm's directors and officers, and will initially hold all of the stock in the company.

A corporation is owned by:

A) the board of directors.

B) the officers.

C) the employees.

D) the shareholders.

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  1. 1 December, 08:58
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    D) the shareholders.

    Explanation:

    A corporation is a type of business ownership where the enterprise is a separate legal entity from its founders. The value of a corporation is subdivided into smaller units called shares, stock, or equity. The capital that Individuals or institutions contribute intending to form a corporation is their share contribution.

    Share Contributors are called shareholders and are the owners of a corporation. Rita and Susan will hold all the stock, meaning they will own trips and travel agency, inc. As the owners, Susan and Rita will be the only shareholders.
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