For Which Organization Is Ownership Represented by Shares of Stock

question 193

Multiple Choice

For which organization is ownership represented by shares of stock?

• A)sole proprietorship
• B)partnership
• C)corporation
• D)sole proprietorship and partnership

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Definitions:

Period's End

Refers to the conclusion of a specific accounting or reporting period, such as the end of a quarter or fiscal year.

Book Value

The net value of an asset as recorded on a company's balance sheet, calculated by subtracting accumulated depreciation from the original purchase cost.

Market Value

The present rate at which a service or asset is available for purchase or sale.

Net Income

Net income is the total amount of profit a company earns after subtracting all of its expenses, taxes, and costs from its total revenue.