Use the Table for the Question(s)below

question 2

Multiple Choice

Use the table for the question(s) below.
Consider the following two quotes for XYZ shares:

-How much would you receive if you sold 200 XYZ shares on November 11th?

• A)$5050
• B)$5040
• C)$5186
• D)$5200

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Definitions:

Proprietorship

A business entity owned and run by one individual where there is no legal distinction between the owner and the business.

Taxed

Subjected to a financial charge or levy by a governmental authority on income, property, or sales.

Liabilities

Obligations that a company owes to outside parties, typically consisting of loans and accounts payable.

Transfer Of Ownership

Transfer Of Ownership involves the legal process by which the rights of owning an asset or property are moved from one party to another.