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Which of the following statements is correct? a. A shareholder's liability to contribute to the debts of an insolvent company is limited O b. A

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Which of the following statements is correct? a. A shareholder's liability to contribute to the debts of an insolvent company is limited O b. A partnership is a separate legal entity . The owner of a sole proprietorship is not legally liable for its debts. O d. Special legal requirements must be met when forming a partnership

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