One Major Advantage of the ________ Is That Once the Owner

question 79

Multiple Choice

One major advantage of the ________ is that once the owner has paid all of the company's expenses,he/she can keep the remaining profits (less taxes,of course) .

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

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Definitions:

Sales Revenue

The total income generated from the sale of goods or services before any expenses are subtracted.

Cost of Goods Sold

The immediate expenses associated with producing a company's sold merchandise.

Stock Dividend

A distribution of extra shares instead of cash to shareholders, which raises the total share count they possess.

Net Income

The amount of money a business keeps as profit after all expenditures, taxes, and costs are deducted from its aggregate revenue.