A Type of Partnership Called a ________ Acts Much Like

question 211

Multiple Choice

A type of partnership called a ________ acts much like a corporation and is traded on stock exchanges, but it is taxed like a partnership with profits passing through to the owners and taxed as the owner's personal income.

• A) limited partnership
• B) combined general partnership
• C) cooperative partnership
• D) master limited partnership

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Definitions:

Paid-In Capital in Excess

Funds received from investors above the par value of the shares issued, also known as additional paid-in capital.

Paid in Capital in Excess

The amount received from shareholders in excess of the par or stated value of the shares, also known as additional paid-in capital or share premium.

Common Stock

A type of equity security that represents ownership in a corporation, with holders potentially entitled to dividends and voting rights.

Discount

A reduction in the price of goods or services offered by a seller, often used as a strategy to increase sales or reward customer loyalty.