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Liabilities and Stockholders’ Equity In this discussion, you must address the tw

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Liabilities and Stockholders’ Equity
In this discussion, you must address the two scenarios below;
Your friend Jay Strawman cannot understand how the characteristic of corporate management is both an advantage and disadvantage. Please clarify this issue for Jay.
Jay believes a corporation must be incorporated in the state in which it headquarters office is located. Is he correct? Please explain.

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