Match the Term with Its Definition

question 58

Multiple Choice

Match the term with its definition.
-The sale of a firm's capital stock to select individuals

• A)balloon payment
• B)business angels
• C)chattel mortgage
• D)crowdfunding
• E)factoring
• F)initial public offering (IPO)
• G)private placement
• H)real estate mortgage

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Definitions:

Accounting Purposes

The specific objectives or reasons for recording and reporting financial information, such as compliance and decision-making.

Corporation

A business organized under state or federal statutes as a separate legal entity.

Proprietorship

A business entity owned and run by one individual, where there is no legal distinction between the owner and the business.

Partnership

An unincorporated business form consisting of two or more persons conducting business as co-owners for profit.