Choose the correct statements about corporates. I. Corporate profits are taxable income to the shareholders when earned.

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answerhappygod
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Choose the correct statements about corporates. I. Corporate profits are taxable income to the shareholders when earned.

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Choose the correct statements about corporates.
I. Corporate profits are taxable income to the shareholders when
earned.
II. Corporations can have an unlimited life.
III. Corporate dividends are taxable income of the
recipient.
IV. Shareholders are protected from all potential losses.
Group of answer choices
I and II only
I, II, and III only
I, III, and IV only
II and III only
III and IV only
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