4. Which of the following statements always apply to corporations? a. Unlimited liability. b. Limited life. c.

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4. Which of the following statements always apply to corporations?

a. Unlimited liability.

b. Limited life.

c. Ownership can be transferred without affecting operations.

d. Managers can be fired with no effect on ownership.

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Principles Of Corporate Finance

ISBN: 9780071314176

10th Global Edition

Authors: Richard Brealey

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