Which one of the following arguments is NOT correct? Goodwill is considered as tangible assets Limited liability is an advantage of incorporating a business If one corporation has shares publicly traded, we refer to it as public corporation When a corporation fails, the maximum that can be lost by a shareholder is the amount of his/her pre-existing investment

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The argument that is NOT correct is Goodwill is considered as tangible assets Heres why the other op... View the full answer