A profit-making business operating as a separate legal entity and in which ownership is divided into shares
Question:
A profit-making business operating as a separate legal entity and in which ownership is divided into shares of stock is known as a:
a. proprietorship.
b. service business.
c. partnership.
d. corporation.
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Step by Step Answer:
d A corporation organized in accordance with state or federal statutes is a separate legal entit...View the full answer
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Related Book For 
Financial And Managerial Accounting
ISBN: 9781337902663
15th Edition
Authors: Carl S. Warren, Jefferson P. Jones, William B. Tayler
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