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Question
Which of the following statements is true of corporations?
A. Corporations do not have to pay income taxes on their profits.
B. In comparison with partnerships, corporations are more costly to form.
C. A corporations organizational structure changes whenever a shareholder sells his or her stock.
D. In comparison with proprietorships, corporations are easier to form.
E. The law treats a corporations existence in tandem with its owners status as shareholders.
Answer
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