Which of the Following Statements About Types of Business Entities

question 39

Multiple Choice

Which of the following statements about types of business entities is true?

• A)For accounting purposes,a sole proprietorship is not a separate entity from its owner.
• B)Ownership in a partnership is represented by having shares of capital stock.
• C)One advantage of the corporation form is the ability to raise capital.
• D)Sole proprietorships are subject to double taxation.

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Definitions:

Graphical Excellence

Refers to the effective, efficient, and accurate presentation of data and statistical information through visual formats, allowing for clear understanding and insight.

Informative

Providing useful or valuable information.

Concise

Expressing or covering much in few words; brief in form but comprehensive in scope.

Electron Density

A measure of the probability of an electron being present in a specific location around an atom or molecule, important in determining molecular shape and bond strength.