A corporation is: A. Controlled by the FASB B. A business legally C. Not responsible for its D. Not subject to double E. The same as a limited
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Question & Answer: A corporation is: A. Controlled by the FASB B. A business legally C. Not responsible…..
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A corporation is an independent legal entity that is separate from its owners. Hence, a corporation holds a distinct identity from the owners.
Pl. give details of the other alternatives in comments to answer it more precisely.