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Question 2 (1 point) One of the main advantages of a corporation is the limit of liability for the shareholders of the company. True False

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Question 2 (1 point) One of the main advantages of a corporation is the limit of liability for the shareholders of the company. True False Question 3 (1 point) Only the accountants should be concerned with ethics when the financial statements are being prepared. True False Question 4 (1 point) Purchasing a building for $150,000 by paying cash of $30,000 and obtaining a mortgage for $120,000 would increase assets and liabilities by $120,000 O decrease assets and liabilities by $120,000 increase liabilities by $150,000 increase liabilities by $30,000

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