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A friend of yours has heard you are studying stockholders equity and needs your help in understanding some characteristics of a corporation. Explain each of

A friend of yours has heard you are studying stockholders equity and needs your help in understanding some characteristics of a corporation. Explain each of these to him/her. (a) Separate legal existence. (b) Limited liability of stockholders. (c) Transferable ownership rights. (d) The two principal components of stockholders equity

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