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20 June, 16:15

Miracle Mobile Devices, Inc., is a private, for-profit corporation that is owned by five shareholders who are members of the same family. Miracle is

A. a close corporation.

B. none of the choices.

C. a nonprofit corporation.

D. an S corporation.

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Answers (1)
  1. 20 June, 16:45
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    Answer: the correct answer is A. a close corporation

    Explanation:

    A closed corporation is a company whose shares are held by a select few individuals (in this case, the members of the same family) who are usually closely associated with the business.
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Home » Social Studies » Miracle Mobile Devices, Inc., is a private, for-profit corporation that is owned by five shareholders who are members of the same family. Miracle is A. a close corporation. B. none of the choices. C. a nonprofit corporation. D. an S corporation.
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