All Business Forms Are Types of Separate,legal Entities EXCEPT

question 21

Multiple Choice

All business forms are types of separate,legal entities EXCEPT

• A)partnerships.
• B)sole proprietorships.
• C)LLCs.
• D)corporations.

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Definitions:

Owners' Equity

The residual interest in the assets of a company after deducting liabilities, representing the ownership stake of the shareholders.

Balance Sheet

A financial statement that provides a snapshot of a company’s financial condition at a specific moment in time, showing assets, liabilities, and shareholders' equity.

Stock Dividend

A distribution of additional shares of a company's stock to its shareholders instead of cash.

Common Stock

A type of security that signifies ownership in a corporation and represents a claim on part of the company’s profits.