Complete the following sentences. Owners of ______ have limited liability. A. partnerships and corporations B. partnerships,...

Question

Question

Complete the following sentences.

Owners of ______ have limited liability.

A. partnerships and corporations

B. partnerships, proprietorships, and corporations

C. proprietorships and partnerships

D. corporations

In ______, retained profits are taxed twice.

A.partnerships, proprietorships, and corporations

B.proprietorships and partnerships

C.corporations

D.partnerships and corporations

Answer 1

Answer #1

1. Option D

Corporations have limited liability because they are treated as seperate legal entities from its owners. Hence option D is the answer

2. Option C

In corporations, retained profits are taxed twice

Answer 2

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