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.

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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