Which of the Following Statements About Types of Business Entities

question 39

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 the corporation form is the ability to raise capital.
• D)Sole proprietorships are subject to double taxation.

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Definitions:

Axon Fibers

Long, slender projections of nerve cells that transmit electrical impulses away from the neuron's cell body.

Cerebral Hemispheres

The two halves of the brain (right and left) that govern different functions, with the left typically managing logic and language, and the right more associated with creativity and spatial abilities.

Brain Plasticity

The ability of the brain to change and adapt in structure and function in response to experience, learning, or injury.

Amputated

The condition or process of having a body part, typically a limb, surgically removed.