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TEST BANK FOR FUNDAMENTALS OF FINANCIAL ACCOUNTING 7TH EDITION PHILLIPS ANSWERS ARE LOCATED AT THE END OF THIS DOCUMENT SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. 1) Choose the appropriate letter to match the characteristics with the type of company. A given characteristic may match more than one type of company. CHARACTERISTIC 1. Issues shares of stock that are traded on a stock exchange such as the NYSE 2. The owner(s) of th...