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Which of the following statements is/are true? I. Capital budgeting deals with long-term investments and/or projects. II. Capital structure helps answer the type of financing

Which of the following statements is/are true? I. Capital budgeting deals with long-term investments and/or projects. II. Capital structure helps answer the type of financing to be used. III. One drawback for sole proprietorship is unlimited liability. IV. One advantage of corporation is the separation of ownership and management.

Only I and II are correct

Only II and III are correct

All are correct

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