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Summary
Financial Management: Chapters 1 - 5
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---10August 20232023/2024
- Sarbanes-Oxley Act - A law passed by Congress that requires the CEO and CFO to certify that their firm's financial statements are accurate. 
 
Proprietorship - An unincorporated business owned by one individual. 
 
Partnership - An unincorporated business owned by two or more persons. 
 
Corporation - A legal entity created by a state, separate and distinct from its owners and managers, having unlimited life, easy transferability of ownership, and limited liability. 
 
S Corporation - A special...
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