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  3. Study Set
    Contemporary Accounting
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    Exam 2: Types of Organisations and the Financial Reporting Framework
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    Which of the Following Is True of Companies? All Companies
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Which of the Following Is True of Companies? All Companies

Question 25

Question 25

Multiple Choice

Which of the following is true of companies? All companies:


A) are limited liability companies.
B) are separate legal entities.
C) have a limited life.
D) are bound by the contracts signed by shareholders.

Correct Answer:

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