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corporation

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

A legal entity organized under state laws that is considered separate from its owners. Ownership is evidenced by shares of stock.

Dictionary

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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