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Which of the following statements is correct? Which of the following statements is correct? The most common type of corporation in the U . S

Which of the following statements is correct?

The most common type of corporation in the U

.

.

is a publicly held corporation.

Corporations may not file lawsuits.

Corporations are governed by federal law and are created by filing with a federal agency.

The obligations of a corporation are distinct from the obligations of its principals.

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