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Which of the following is not characteristic of a corporation?

a) The financial loss that a stockholder may suffer from owning stock in a public company is limited.

b) Cash dividends paid by a corporation are deductible as expenses by the corporation.

c) A corporation can own property in its name.

d) Corporations are required to file federal income tax returns.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9447177

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