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Ibraheem

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Which of the following are true?

Accounting Quizzes Financial Accounting Exam MCQs

Question:
Which of the following are true?

Option A):
As soon as the turnover of a business exceeds a fixed sum it must become a corporation.
Option B):
The revenue produced by corporations is less than that produced by partnerships.
Option C):
There are more proprietorships than corporations in the United States.
Option D):
The revenue produced by corporations exceeds the combined revenues produced by partnerships and proprietorships.

Correct Answer is Option C):
There are more proprietorships than corporations in the United States.