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Chapter 3

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Term
Definition
Sole Proprietorship   show
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show Unincorporated business owned and operated by tow or more people who share profits and have unlimited liability for the debts and obligation of the firm. Same as general partnership.  
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Corporation   show
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Stock   show
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show Person who owns a share or shares of stock in a corporation. Same as shareholders.  
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Dividend   show
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Bond   show
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show Amount borrowed when getting a loan or issuing a bond.  
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Interest   show
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show Feature of taxation that allows stockholders' dividends to be taxed both as corporate profit and as personal income.  
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show Combination of two or more business enterprise to form a single firm.  
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show Measure of business profits determined by subtracting all expenses, including taxes, from revenues.  
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show Total amount of new funds the business generates from operations; broadest  
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