If Sole Proprietor Tom Decided to Merge His Business with That

question 185

Short Answer

If sole proprietor Tom decided to merge his business with that of Cindy, another sole proprietor, a ________ would result.
partnership
T-4A special corporation
publicly-traded corporation
dual proprietorship
co-operative

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Definitions:

Net Income

The profit of a business after all expenses have been deducted from total revenue.

ROI

Return on Investment (ROI) measures the gain or loss generated on an investment relative to the amount of money invested.

Multi-Dimensional Performance Reporting

A comprehensive approach to performance measurement that considers various factors beyond financial metrics to evaluate an organization's overall performance.

Financial Results

The outcome of a company's activities in numerical terms over a specific period, often presented in income statements, balance sheets, and cash flow statements.