Which of the following is characteristic of the corporate form of ownership?

In the early 1980s, many savings-and-loan associations pretended to be solvent by

A) valuing their assets on a historical cost basis. B) underreporting the amount of their liabilities. C) including the impact of high interest rates on the value of their assets. D) counting "goodwill" as an asset.

How can a proprietorship or partnership raise funds for expansion?

A) borrow from someone or an institution willing to lend the funds B) reinvest profit back into the business C) take on a partner or more partners D) Any of these would generate funds for expansion.