In Canada,some Business Entities Are in Income Trusts and They

question 21

Multiple Choice

In Canada,some business entities are in income trusts and they come in three forms.The three forms are

• A) Limited Partnerships, Limited Liability Partnerships and Limited General Partnerships.
• B) Privately Traded Corporations, Sole Proprietorships and Joint Venture Corporations.
• C) Business Income Trusts, Energy Trusts and Real Estate Investment Trusts.
• D) None of the above.

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Definitions:

Sandstone

A sedimentary rock composed mainly of sand-sized minerals or rock grains, often used in construction due to its durability.

Conglomerate

A coarse-grained sedimentary rock composed of rounded clasts bonded together by a matrix of finer-grained particles and cement.

Breccia

A rock composed of broken fragments of minerals or rock cemented together by a fine-grained matrix, often found in volcanic or sedimentary contexts.

Clasts

Fragments of geological detritus or material broken off from a larger solid body, often found within sedimentary rocks.