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With which of the two perspectives to business forms, conduit or entity, is each of the following most consistent? Select either Conduit or Entity.
With which of the two perspectives to business forms, conduit or entity, is each of the following most consistent? Select either "Conduit" or "Entity". a. Limited liability for the entity's owners. b. Unlimited life for the entity. c. The ability of owners to participate directly in the management of the entity. d. The ability of owners to transfer assets to the entity without recognizing gain or loss. e. The payment of a wage from the entity to an owner who provides services to the entity. f. The inclusion of entity debt in the basis of an owner's interest in the entity.
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