A disadvantage of both proprietorships and partnerships is that
A) in each, profit is taxed twice, as the income of the firm and the income of the owners.
B) the owners cannot hire managers to help run the firms.
C) the firms cannot pay dividends.
D) the owners have unlimited liability for the debts of the firms.
Correct Answer:
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Q64: The tax treatment of corporate profit means
Q67: When compared to other forms of organization,
Q68: Most industries in which the giant firms
Q71: Advantages of the partnership form of organization
Q76: Almost 85% of American firms have less
Q86: Double taxation of corporate earnings
A)tends to restrict
Q95: A corporation is legally owned by its
A)chief
Q97: For legal purposes, a corporation is treated
Q99: Double taxation of corporate profits
A)imposes losses on
Q100: A major advantage of the corporation is
A)limited
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