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Question: A corporation, organized in accordance with state or federal statutes, is a separate legal entity in which ownership is divided into shares of stock. A proprietorship is an unincorporated business owned by one individual. A service business provides services to its customers. It can be organized as a proprietorship, partnership, or corporation. A partnership is an unincorporated business owned by two or more individuals.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92335015

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