Cite the major advantages of the corporate form of business organization and indicate why each is…

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Cite the major advantages of the corporate form of business organization and indicate why each is considered an advantage.

What is meant by the statement that corporate income is subject to double taxation? Cite several other disadvantages of the corporate form of organization.

Why is Organization Expense not a good title for the account that records the costs of organizing a corporation? Could you justify leaving the balance of an Organization Costs account intact throughout the life of a corporation?

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