puzzling economy

1. shares are sold to investors
2. proprietorship one person operations
3. stockholder dividends are taxed twice
6. the price paid for the use of another’s money.
7. represents basic ownership of a corporation
12. the funds left over after all of the firm’s expenses, including taxes, are subtracted from its sales.
16. a report showing a business’s sales, expenses, net income, and cash flows for a period of time, such as three months or a year
18. a noncash charge the firm takes for the general wear and tear on its capital goods.
20. form of business organization recognized by law as a separate legal entity with all the rights of an individual
21. at least one partner is not active in the daily running of the buisness

1. represents nonvoting ownership shares of the corporation
4. all partners are responsible for the management and financial obligations of the business
5. ownership certificates in the firm
7. sole proprietorship a business owned and run by a single individual
8. a combination of two or more businesses to form a single firm.
9. a stock of finished goods and parts in reserve
10. a check that transfers a portion of the corporate earnings
11. a written promise to repay the amount borrowed at a later date
13. the owner is personally and fully responsible for all losses and debts of the business
14. the firm legally ceases to exist when the owner dies, quits, or sells the business.
15. a business that is jointly owned by two or more persons
17. a government document that gives permission to create a corporation
18. the sum of net income and noncash charges, such as depreciation
19. The amount borrowed