Corporation : The form of business entity, which is incorporated by state law into a separate legal entity, owned by stockholders, and managed by board of directors elected by stockholders, is referred to as corporation. To identify : The reasons as to why the companies like M, PC, C, and A are organized as corporations.

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Chapter 1, Problem 3DQ

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Corporation: The form of business entity, which is incorporated by state law into a separate legal entity, owned by stockholders, and managed by board of directors elected by stockholders, is referred to as corporation.

To identify: The reasons as to why the companies like M, PC, C, and A are organized as corporations.

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