If You Are a Highly Independent Individual Used to Having

question 80

Multiple Choice

If you are a highly independent individual used to having your own way, the best business format for you is to being as a ______.

• A) partnership
• B) corporation
• C) sole proprietorship
• D) limited liability corporation

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Definitions:

Common Stock

A form of corporate equity ownership, a type of security representing ownership in a corporation.

Acquisition Method

A collection of accounting methods utilized to combine the financial reports of a parent company with those of its subsidiary companies.

Consolidated Equipment

The aggregate of equipment assets combined from parent and subsidiary entities for the purpose of financial reporting.

Par Value

The face value of a bond or stock as stated by the issuer, which is not indicative of its market value.