Which one of the following statements is correct? » MCQ Academy English

Corporate Finance

Which one of the following statements is correct?

A general partnership is legally the same as a corporation.
Both sole proprietorship and partnership income is taxed as individual income.
Partnerships are the most complicated type of business to form.
All business organizations have bylaws.

Note

Both sole proprietorship and partnership income is taxed as individual income is correct.

Tags: Introduction to Corporate Finance

Leave a Reply Cancel reply