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Business, 21.12.2021 16:50 log3225

60-Which of the following is true for a corporation (not an S-corporation)? a. A corporation is legally obligated to pay preferred stock dividends yearly.

b. A corporation can only issue common stock for cash.

c. A corporation may issue common stock or preferred stock, but not both.

d. Income earned by a corporation is subject to federal income tax.

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