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Which of the following statements is correct? Which of the following statements is correct?...

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Accounting

Which of the following statements is correct?
Which of the following statements is correct?
The most common type of corporation in the U.S. is a publicly held corporation.
Corporations may not file lawsuits.
Corporations are governed by federal law and are created by filing with a federal agency.
The obligations of a corporation are distinct from the obligations of its principals.

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