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Which of the following is not characteristic of a corporation? 1) Cash dividends paid by a corporation are deductible as expenses by the corporation. 2)

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Which of the following is not characteristic of a corporation? 1) Cash dividends paid by a corporation are deductible as expenses by the corporation. 2) A corporation can own property in its name. 3) Corporations are required to file federal income tax returns. 4) The financial loss that a stockholder may suffer from owning stock in a public company is limited

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