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Which of the following is not a characteristic that distinguishes corporations from proprietorships andpartnerships? A. Corporate earnings are subject to double taxation. B. Corporations have

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

A. Corporate earnings are subject to double taxation.

B. Corporations have mutual agency.

C. Corporations are separate legal entities apart from the owners.

D. Corporations have continuous lives regardless of changes in ownership.

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