Which of the Following Statements Is CORRECTσ

question 30

Multiple Choice

Which of the following statements is CORRECTσ

• A) one of the disadvantages of incorporating a business is that the owners then become subject to liabilities in the event the firm goes bankrupt.
• B) sole proprietorships are subject to more regulations than corporations.
• C) in any type of partnership, every partner has the same rights, privileges, and liability exposure as every other partner.
• D) sole proprietorships and partnerships generally have a tax advantage over many corporations, especially large ones.
• E) corporations of all types are subject to the corporate income tax.

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Definitions:

Purine Bases

Nitrogen-containing heterocyclic compounds found in DNA and RNA, examples include adenine and guanine.

Ribonucleosides

are compounds consisting of a nucleoside comprising a ribose linked to a nitrogenous base, primarily found in RNA.

Cellobiose

A disaccharide consisting of two glucose units linked by a β(1→4) bond, commonly found in cellulose.

Glycosidic Bonds

Covalent bonds that connect sugar molecules in carbohydrates, crucial for the structure of various polysaccharides and glycoconjugates.