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LGS 200 - Exam 3 WITH ANSWERS GRADED A+
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LGS 200 - Exam 3 WITH ANSWERS GRADED A+
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EUNICELGS 200 - Exam 3 WITH ANSWERS GRADED A+
Terms in this set (18)
When the owner of a sole proprietorship False
dies, the business automatically transfers to
family members or other heirs rather than
being dissolved.
true or false
Dissociation terminates some of the rights True
of the dissociated partner, requires the firm
to buy that dissociated partner's interest,
and alters the parties' liability to third
parties.
true or false
Elliott is the sole proprietor of On Your only personal income taxes
Mark, a game subscription service. As a
sole proprietor, on the business's profits,
Elliott pays
Java and Juice Inc. offers entrepreneurs the the range of goods and services included, the value of the franchise, and the
opportunity to operate a franchise under estimated profitability of the franchise.
the Java and Juice trade name as a member
of a group of dealers that engage in retail
beverage sales. To prospective franchisees,
Java and Juice must disclose
A de jure corporation is one that is formed false
to accomplish a single purpose within a
limited time.
true or false
Because bonds do not represent debt, they False
need never be repaid.
true or false
An S corporation avoids taxes at the corporate level.
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