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Which of the following is an incorrect statement about a corporation? o A corporation is subject to numerous state and federal regulations. O A corporation

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Which of the following is an incorrect statement about a corporation? o A corporation is subject to numerous state and federal regulations. O A corporation may be formed in writing, orally, or implied A corporation is an entity separate and distinct from its owners. Creditors ordinarily have recourse only to corporate assets in satisfaction of their claims

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