Which of the Following Is an Advantage of Starting a New

question 150

Multiple Choice

Which of the following is an advantage of starting a new business as a corporation?

• A)double taxation
• B)ease in setting up
• C)low expenses of legally organizing
• D)greater ability to raise funds

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Definitions:

Balance Sheet

An accounting statement that itemizes the assets, liabilities, and equity held by shareholders of a company on a specific date.

Rates Of Return

Measurements of the gain or loss on an investment relative to the amount of money invested.

Market Price

The price at which a product, asset, or service is sold on the open market.

Residual Interest

The remaining interest or value that an entity has in an asset after deducting any liabilities or obligations related to that asset.