Corporations-proprietorships-patnerships

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Reference no: EM13256900

Identify each of the following corporations, proprietorships,and/or patnerships. Some items have more than one answer.

a. distinct legal entity separate from its owners.

b. more than one owner.

c. ownership by stockholders.

d. controlled by a board of directors.

e. legal identity changes when a company is sold.

f. limited liability.

g. mutual agency.

h. access to large amounts of capital.

i. direct taxation of profits.

j. moral hazard usually not a major problem.

Reference no: EM13256900

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