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Question 8 Which of the following is a characteristic of a public corporation? Profits...

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Accounting

Question 8
Which of the following is a characteristic of a public corporation?
Profits are taxed as income to corporation and again as income to
owners when distributed as dividends.
The lifetime of the organization is limited to the lifetime of the
decision-making committee or the Chief Executive Officer, whichever
is longer.
Owners can exert control over daily management decisions.
Ownership interests are generally limited to no more than 35
shareholders.
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