Which of the Following Refers to Ownership in a Company

question 134

Multiple Choice

Which of the following refers to ownership in a company?

• A) Stock.
• B) Individual retirement account (IRA).
• C) Certificate of deposit.
• D) Bond.

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Definitions:

Depreciation Tax Shield

A reduction in taxable income for businesses that results from the allowance for depreciation expenses.

CCA Class

Stands for Capital Cost Allowance Class, which is a categorization used in Canadian tax law for the purpose of calculating depreciation for tax purposes.

Borrowed Money

Funds that are loaned to an individual or business with an obligation to repay the amount plus interest.

Operating Lease

A lease agreement allowing the use of an asset without ownership, typically involving shorter-term rentals.