Which statement regarding corporations is most accurate?
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Due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of businessesbeginas corporations.
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Large corporations have more tax advantages than partnerships.
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Due to legal considerations related to ownership transfers and limited liability, most business is conducted by corporations in spite of large corporations’ often less favourable tax treatment.
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Corporate shareholdershaveunlimited liabilitywhen the corporation becomes bankrupt.