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Social Studies, 30.11.2019 04:31 hanglenn1

When ben joined his uncle’s oil exploration company in southern oklahoma, he was given several hundred shares of stock in the firm, and was officially made a partner. the firm’s accountant explained that the company paid taxes the same way as regular partnerships, by passing the profits through to each partner. ben could purchase more shares of the company on a public stock exchange, as long as someone was willing to sell his/her shares. this firm was likely a special form of ownership called

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