Multiple Choice
All of the following are characteristics of proprietorships except:
A) ease of formation.
B) income treated as part of the sole proprietor's income for tax purposes.
C) ease of raising additional money for expansion.
D) unlimited life.
Correct Answer:
Verified
Correct Answer:
Verified
Q67: A stockbroker is licensed to trade securities
Q68: A _ pools the contributions of many
Q69: Match the following:
Q70: Financial theory was originally a branch of
Q71: Companies finance the purchase of assets through:<br>A)debt
Q73: The term "buying a bond" is misleading
Q74: Companies generally create liabilities that exceed assets
Q75: To "finance" an asset is:<br>A)to lend money
Q76: All of the following are stakeholders in
Q77: Financial assets:<br>A)are legal documents.<br>B)give their owners claims