Income Tax Fundamentals 2020
Income Tax Fundamentals 2020
38th Edition
ISBN: 9780357391129
Author: WHITTENBURG
Publisher: Cengage
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I am going to name a couple of statements and terms. I need to know if they are Proprietorship, Partnership, or Corporation.
1) Bronson Company presents a statement of retained earnings in its financial statements at year end
2)Jean Johnson's home health care business doesn't have liability separate from herself
3)Grand Canyon Company's Retained Earnings balance is 5 million
4)Michael Johnson and Joaquin Nunoz each invested $10,000 in their computer consulting business, and received shares of the company's stock in exchange for their investments
5)Crown Candy Company presents statement of owner's capital in its annual financial statement.

6)Johnson, Capital
7) Common Stock
8) Statement of capital containing two capital accounts
9) Par Value
10) Stockholder's Equity
11) Partners' Capital, December 31
12) Statement of capital containing one capital account

13) Retained Earnings

14) Jones, Drawings

15) Additional Paid-in-Capital

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