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Which of the following is not a characteristic that distinguishes corporations from proprietorships andpartnerships? A. Corporations have mutual agency. B. Corporations have continuous lives regardless

Which of the following is not a characteristic that distinguishes corporations from proprietorships andpartnerships?

Corporations have mutual agency.

Corporations have continuous lives regardless of changes in ownership.

Corporations are separate legal entities apart from the owners.

Corporate earnings are subject to double taxation.

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