What is a Corporation? a. Unincorporated business with only one owner who pays personal income tax on profits earned. b. None of the choices is correct c. Legal entity organized and operated for a collective, public or social benefit, in contrast with an entity that operates as a business aiming to generate a profit for its owners. d. A legal entity formed by a group of individuals to engage in and operate a business. e. Business organization which is owned and carried on jointly by the members of a church groupWhat are the long-term assets which do not have any physical shape?

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The correct answer to the first question is d A legal entity formed b... View the full answer