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Describe the three main attributes of a close corporation (9 Marks) b. Give 5 advantages and 5 disadvantages of a close corporation (5 Marks) c.

Describe the three main attributes of a close corporation (9 Marks)

b. Give 5 advantages and 5 disadvantages of a close corporation (5 Marks)

c. Describe the three statutory requirements with regard to the accounting records and

financial reporting of a close corporation

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