FIN 515: Final Exam SET 2: WITH QUESTIONS AND ACCURATE ELABORATIONS. EDITION

FIN 515: Final Exam SET 2: WITH QUESTIONS AND ACCURATE ELABORATIONS.
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Question 1.1. (TCO A) Double taxation is a drawback for which of the following types of
business organization except? (Points : 5)
S corporation
C corporation
Limited partnership correct answer
Limited liability company
Question 2.2. (TCO A) Sole proprietorships have all of the following advantages
except (Points : 5)
easy to set up.
single taxation of income.
limited liability.