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Which statement concerning corporations is correct? Multiple Choice: a. The entity can outlive all of its initial owners. b. The ability to raise capital is
Which statement concerning corporations is correct?
Multiple Choice:
a. The entity can outlive all of its initial owners.
b. The ability to raise capital is limited to that of a general partnership.
c. When the last original owner dies or withdraws, the entity is terminated.
d. There are time limits placed on the transfer of ownership.
e. Primary shareholders have unlimited liability for corporate debts.
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