Practice mode Accounting

Which form of business is a separate legal entity whose total capital can be divided into many shares?

Correct answer D. Company

Explanation

A company is legally separate from its owners and raises capital by issuing shares, so ownership can be split among many shareholders with limited liability.

Report a problem

Answer checked How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

Advertisement

Have a question about this answer?

Your email address will not be published. Required fields are marked *

Links and website addresses are not allowed in comments.