Patrick Sabine, a student, asks for your help in understanding the following characteristics of a corporation: (a)

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Patrick Sabine, a student, asks for your help in understanding the following characteristics of a corporation: 

(a) Limited liability of shareholders, 

(b) Transferable ownership rights

(c) Ability to acquire capital. Explain these characteristics to Patrick.

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Accounting Principles Volume 2

ISBN: 9781119786634

9th Canadian Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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