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The process of condensation happens when which of the following occurs?
Outstanding Corporate Stock
Shares of a corporation that have been issued and are currently owned by shareholders.
Articles of Incorporation
Legal document filed with a governmental body to legally establish a corporation, detailing its structure, purpose, and regulations.
Certificate of Organization
A legal document filed with a state government to officially form a limited liability company (LLC) within that state.
Corporate Prospectus
A formal document that companies issue to potential investors, detailing the financial health, risks, and objectives of the company, often in the context of a public stock offering.
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