Pat Kabza, a student, asks your help in understanding some characteristics of a corporation. Explain each of

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Pat Kabza, a student, asks your help in understanding some characteristics of a corporation. Explain each of these to Pat:

(a) Separate legal existence

(b) Limited liability of stockholders

(c) Transferable ownership rights

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471169192

1st Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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