Most business enterprises in the United States
are
|
corporations.
|
|
government
units.
|
|
proprietorships
and partnerships.
|
|
partnerships.
|
If the assets owned by a business total $150,000
and liabilities total $105,000, stockholders’ equity totals $45,000.
|
True
|
|
False
|
A local retail shop has been operating as a sole
proprietorship. The business is growing and now the owner wants to incorporate.
Which of the following is not a reason for this owner to
incorporate?
|
desire
to limit the owner’s personal liability
|
|
the
prestige of operating as a corporation
|
|
ability
to raise capital for expansion
|
|
the
ease in transferring shares of the corporation’s stock
|
Stockholders’ equity is comprised of
|
common
stock and dividends.
|
|
dividends
and retained earnings.
|
|
net
income and retained earnings.
|
|
common
stock and retained earnings
|
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