The Residual Assets of a Sole Proprietorship Belong to the ____

question 98

Multiple Choice

The residual assets of a sole proprietorship belong to the ____ after the owner's death.

• A) owner's heirs
• B) primary investors
• C) general partners
• D) creditors

---

Definitions:

Cash Dividends

Payments made by a corporation to its shareholders from its profits.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain capital assets.

Net Income

The profit of a company after all expenses and taxes have been subtracted from revenue.

Cash Dividend

A payment made by a corporation to its shareholders, usually in the form of cash, out of its profits.