Comparison of three essential types of businesses in Australia using the criteria: Liabilities of owners over the business’s debt Legal status of business Level of difficulty in mobilizing funds Level of difficulty in business transfer

Comparison of three essential types of businesses in Australia using the criteria: Liabilities of owners over the business’s debt Legal status of business Level of difficulty in mobilizing funds Level of difficulty in business transfer

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter1: Accounting And The Financial Statements

Section: Chapter Questions

Problem 2MCQ

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Concept explainers

Flow of Funds

The flow of funds is the financial accounts of the nation, which monitor and control the cash flow among various sectors or industries, or markets. Central banks use these flow of funds statements to acquire macroeconomic data, to publish cash inflow and cash outflow statements of the nation. This flow of funds system is utilized to identify economic activity and changes in the economy. It is used by Federal Reserve to determine the Gross Domestic Product (GDP) of the nation and to implement monetary policy and fiscal policies.

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Comparison of three essential types of businesses in Australia using the criteria:

Liabilities of owners over the business’s debt
Legal status of business
Level of difficulty in mobilizing funds
Level of difficulty in business transfer

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Comparison of three essential types of businesses in Australia: use the following criteria andorganize your comparison in a relevant table:1) Liabilities of owners over the business’s debts 2) Legal status of business 3) Level of difficulty in mobilizing funds and Level of difficulty in business transfer.
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