The Company ____________________ Section of a Business Plan Should Identify

question 89

Short Answer

The company ____________________ section of a business plan should identify the form of your business (proprietorship, partnership, or corporation) and its type (merchandising, manufacturing, or service).

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been subtracted from revenue.

Multiple-Step Statement

A Multiple-Step Income Statement presents revenues and expenses through several sections, including operating and non-operating activities, thereby highlighting key components of income and expenditure.

Interest Expense

The cost incurred by an entity for borrowed funds; it represents the interest payable on any borrowings - bonds, loans, convertible debt, or lines of credit.