Question

Which of the following statements is TRUE?A. In a sole proprietorship, the owner has limited liability and full control.B. In a partnership, ownership can be transferred quickly, and capital can be raised easily.C. Corporations face double taxation, meaning the corporation pays taxes on income before dividends, while the owners pay personal taxes on dividends and capital gains.D. Intended to improve public disclosures, the Sarbanes-Oxley Act has likely increased the number of small companies going public in the USA.

Answer 1

C. Corporations face double taxation, meaning the corporation pays taxes on income before dividends, while the owners pay personal taxes on dividends and capital gains

Step-by-step explanation: