Author Question: Mr. Joe Lewis bought 650 shares of stocks in the Garrett Corp last year at a price of 19 per share. ... (Read 107 times)

Engineer · **on:** Jul 14, 2018

Mr. Joe Lewis bought 650 shares of stocks in the Garrett Corp last year at a price of 19 per share. The market price has now risen to 25 per share. This result indicates that Mr. Lewis could realize a capital gain if he sells his stock.

Indicate whether the statement is true or false

Question 2

Maurice and Stanley have been operating a train store together for two years. After a patron slipped on some water on the floor and was injured, they began to think about their personal liability and decided to change the business form to one that would give them the same ability to pass-through profits and shared ownership and control but with little government interference. They would most likely form a
A) limited-liability company.
B) corporation.
C) limited partnership
D) syndicate.