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11. What is common stock? How is it different from preferred stock? 12. Discuss, in detail, the formation, management, liability, taxation, and duration characteristics of

11. What is common stock? How is it different from preferred stock? 12. Discuss, in detail, the formation, management, liability, taxation, and duration characteristics of the five major business entities: sole proprietorships, general partnerships, limited partnerships, limited liability companies, and business corporations

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