A profit-making business operating as a separate legal entity and in which ownership is divided into shares

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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.

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

Posted Date: Aug 01, 2022 08:41 AM

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A profit-making business operating as a separate legal entity and in which ownership is divided into shares

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A proprietorship Explanation A sole proprietorship also known as a ... View the full answer

Income Tax Fundamentals 2013

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