Which of the Following Is Not Considered an Advantage of the Corporate

question 29

Multiple Choice

Which of the following is not considered an advantage of the corporate form of business organization?

• A)Ability to raise capital
• B)Continuity of existence
• C)Ease of transferability of ownership
• D)Lack of government regulation

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Definitions:

Supplies Used

The amount of supplies consumed during a specific period, which may be accounted for as an expense.

Balance Sheet

A ledger entry detailing a business’s resources, debts, and equity ownership at a fixed point in time.

Adjustment

A modification made to an account or financial statement to correct an error or reflect new information.

Unearned Revenue

Money received by a company for goods or services that have yet to be delivered or provided.