Examlex
Which phrase is MOST likely to be spoken by a child in the telegraphic speech phase?
Corporation
A legal entity that is separate and distinct from its owners, offering limited liability to its shareholders, and having the ability to own property, enter contracts, and sue or be sued.
Taxable Income
Earnings subject to taxation, which equals gross income minus any allowable deductions and exemptions.
Non-Dividend Paying Corporation
A corporation that chooses not to distribute any part of its earnings to shareholders as dividends, typically to reinvest in the business.
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