Which of the following statements about types of business entities is true? Multiple Choice O For...
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Which of the following statements about types of business entities is true? Multiple Choice O For accounting purposes, a sole proprietorship is not a separate entity from its owner. Ownership in a partnership is represented by having shares of capital stock. One advantage of the corporation form is the ability to raise capital. Sole proprietorships are subject to double taxation. Which of the following statements about types of business entities is true? Multiple Choice O For accounting purposes, a sole proprietorship is not a separate entity from its owner. Ownership in a partnership is represented by having shares of capital stock. One advantage of the corporation form is the ability to raise capital. Sole proprietorships are subject to double taxation.
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Option b is correct One advantage of corporation is ability t... View the full answer
Related Book For
Auditing and Assurance Services A Systematic Approach
ISBN: 978-1259162343
9th edition
Authors: William Messier, Steven Glover, Douglas Prawitt
Posted Date:
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