Identify whether each of the following characteristics is an advantage or a disadvantage of the corporate form

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Identify whether each of the following characteristics is an advantage or a disadvantage of the corporate form of business:

1. Ease of Transfer of ownership

2. Taxation

3. Separate legal entity

4. Lack of mutual agency

5. Government regulation

6. Continuous existence

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Principles of Accounting

ISBN: 978-1439037744

11th Edition

Authors: Needles, Powers, crosson

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