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A corporation possesses all but one of the following characteristics. Which of the following is NOT a characteristic of a corporation? a. A corporation is

A corporation possesses all but one of the following characteristics. Which of the following is NOT a characteristic of a corporation? a. A corporation is owned by shareholders or stockholders. b. If a corporation cannot pay its debts, lenders can take the owners' personal assets to satisfy the obligations. c. Corporation ownership is divided into shares of stock. d. A corporation is a distinct entity in the eyes of the law

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