An entity where ownership is divided into shares of stock is a:

A. proprietorship.

B. trade agreement.

C. mutual agency. D. corporation.

D. corporation.

Explanation:

Companies are usually incorporated by the issuance/sale of shares. Corporations are entities that are legally separate from the owners.

The owners' interest in such entities are usually in form of shares held.

A sole proprietor is the owner of a business and no shares are issued before the business commences.

Trade agreements are agreements between two or more parties for which the terms and conditions as well as the responsibilities of the parties involved are spelt out in the deed.

Mutual agencies do not require the ownership of shares of stock.

The right option is D. corporation.