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Which of the following statements is CORRECT? A) Stockholders in a corporation are exposed to unlimited liability. B) Double taxation is a disadvantage for corporate
Which of the following statements is CORRECT?
A) Stockholders in a corporation are exposed to unlimited liability.
B) Double taxation is a disadvantage for corporate stockholders. This is a result of corporate shareholders also being exposed to unlimited liability.
C) Compared to a sole proprietorship, a corporation usually has to deal withless regulations.
D) When transferring ownership from one owner to another or to a new investor, the corporate form of an organization typically makes its easier than if the firm where a sole proprietorship.
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