Lsb 3213 holden - Study guides, Class notes & Summaries

All of the following are methods that a sole proprietorship can raise money except A) Private loans. B) Commercial loans. C) Sell ownership in the business. D) Line of credit - Sell ownership in the business Which of the following is true about a sole proprietorship? A) It is subject to corporate income tax. B) Sole proprietorships face double taxation. C) The owner reports income and expenses on the owner's own tax return. D) The owner must file a tax return on behalf of the busines...

Blacks LAw Dictionary, as cited in the text book defines law as each of the following except: A. A body of rules B. Conduct Prescribed by a controlling authority C. A tool for regulationg personal ethics D. Having the power to bind persons - correct answer C. A tool for regulationg personal ethics The U.S. Constitution created three branches in the federal government. Those three branches are: A. Administrative, legislative, executive B. Federal, state, local C. Executive, legislative ...