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    Fundamental Accounting Principles Study Set 1
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    Exam 1: Accounting in Business
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    A Corporation Is
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A Corporation Is

Question 25

Question 25

Multiple Choice

A corporation is:


A) A business legally separate from its owners.
B) The same as a limited liability partnership.
C) Controlled by the FASB.
D) Not subject to double taxation.
E) Not responsible for its own acts and own debts.

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