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QUESTION ONE (a) Define the term corporation and briefly discuss the major characteristics of a corporation (b) Write few notes on the following headings (i)

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QUESTION ONE (a) Define the term corporation and briefly discuss the major characteristics of a corporation (b) Write few notes on the following headings (i) Authorised shares Called-up capital. (iii) Issued capital (iv) Paid-up capital Par Value (c) Explain the meaning of treasury stock (d) Outline the characteristics of preference shares (v)

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