Acc 421 Week 6: Question 2

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Business Finance

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Answer questions 29 and 30 and write a 250 word response. See attachment. Use at least 1 reference

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Acc 421 Week 6: Question 2: Different Types of Business Entities
Name
Institution
Date

Question 29
a. Has limited liability – C
b. Greatest ability to raise capital – C
c. Subject to double taxation – C,
d. Not subject to double taxation – S, SP, P
e. Could be subject to accumulated earnings tax – C
f. Limits not type or number of shareholders – C
g. Has unlimited liability – SP, P
h. Sale of business can be subject to double taxation – C
i. Profits and losses affect the basis of an ownership i...


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