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Question 68 of 75. Which of the following best describes a C corporation? A legal entity separate and distinct from its owners for income tax

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Question 68 of 75. Which of the following best describes a C corporation? A legal entity separate and distinct from its owners for income tax purposes. A business association defined by federal statute. An unincorporated organization with two or more members who carry on a trade or business activity. O A type of corporation where owners have limited liability, and income, expenses, and deductions flow through to the shareholders and are taxed only at the individual level. Mark for follow up

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