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Which two sentences describe the characteristics of a corporation?

A. The company is treated as a separate tax entity by law.
B. The owners have to accept partial liability for debts.
C. It is possible to raise large amounts of capital by selling company stock.
D. The owners are known as corporators.



Answer :

GinnyAnswer

Final answer:

A corporation is a business structure with distinct characteristics and benefits such as limited liability and the ability to raise capital.


Explanation:

A corporation is a business structure with a separate legal identity from its owners. The characteristics of a corporation include being treated as a separate tax entity by law and the ability to raise capital by selling stock. Corporations offer limited liability to owners and have the advantage of ease in raising revenue through various means.


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