Which of the Following Statements About Types of Business Entities

question 117

Multiple Choice

Which of the following statements about types of business entities is true?

• A)For accounting purposes a sole proprietorship is not a separate entity from its owner.
• B)Ownership in a partnership is represented by having shares of capital stock.
• C)One advantage of a corporation is ability to raise capital.
• D)Sole proprietorships are subject to double taxation.

---

Definitions:

Bibliography

A list of the books, articles, and other references used in the preparation of a work, usually placed at its end.

APA Style

A formatting and citation style outlined by the American Psychological Association, commonly used in academic and professional writing.

List of References

A compilation of sources, such as books, articles, and websites, cited or consulted in a scholarly work.

APA Style

A set of guidelines for writing and formatting research papers and reports, developed by the American Psychological Association.