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Match the Term with Its Definition

Question 126

Multiple Choice

Match the term with its definition.
-A type of corporation that offers limited liability to its owners and passes taxable income or losses on to the stockholders


A) advisory board
B) B corporation
C) C corporation
D) corporate charter
E) joint and several liability
F) partnership
G) professional corporation
H) S corporation (Subchapter S corporation)
I) unlimited liability

Correct Answer:

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