2. Bill lives in Macon, Georgia. However, he just bought fifty shares of stock in a large business headquartered in Chicago, Illinois. Bill's stock gives him a small piece of ownership in the business at limited financial risk. It sounds like Bill has invested in a A. sole proprietorship. B. corporation. C. partnership. D. franchise.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 5EB: Your high school friend started a business that has blossomed over the years, and he is considering...
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2. Bill lives in Macon, Georgia. However, he just bought fifty shares of stock in a large
business headquartered in Chicago, Illinois. Bill's stock gives him a small piece of
ownership in the business at limited financial risk. It sounds like Bill has invested in a
A. sole proprietorship.
B. corporation.
C. partnership.
D. franchise.
Transcribed Image Text:2. Bill lives in Macon, Georgia. However, he just bought fifty shares of stock in a large business headquartered in Chicago, Illinois. Bill's stock gives him a small piece of ownership in the business at limited financial risk. It sounds like Bill has invested in a A. sole proprietorship. B. corporation. C. partnership. D. franchise.
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