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Which of the following statements is true of private corporations? Their stock can be bought or sold by anyone. They do not pay taxes on

Which of the following statements is true of private corporations?

  • Their stock can be bought or sold by anyone.
  • They do not pay taxes on their income.
  • Their workforce usually consists of fewer than 50 employees.
  • They are owned and managed by just one or a few people.
  • They are required to disclose financial information publicly.

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