The Form of Ownership of a Business Has No Effect

question 99

True/False

The form of ownership of a business has no effect on income taxes.

---

Definitions:

Accounts Receivable

Outstanding payments from debtors to a company for goods or services already utilized or delivered but not paid for.

Market-to-Book Ratio

A ratio used to compare a company's current market value to its book value, indicating how highly valued a company is in comparison to its actual assets.

Common Stock

A type of equity security that represents ownership in a corporation, giving the holder a share in the company's profits and losses.

Market Price

The current purchase or sale price of an asset or service in the market.