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Which of the following statements below is correct about a corporation and a partnership? Multiple Choice A partnership is comprised of two or more owners,
Which of the following statements below is correct about a corporation and a partnership?
Multiple Choice
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A partnership is comprised of two or more owners, whereas a corporation must have only one owner.
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A corporation is legally responsible for its own taxes and debts.
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Owners of both entities are legally responsible for the taxes and debts of the business.
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Both entities issue shares of stock to owners.
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