Which forms of business organization, ownership is readily transferable? a. Corporation b. Sole Proprietorship c. Limited Liability Company d. Partnership

Q: Explain a) Business Entity Principle b) Going Concern Principle c) Historical Cost Principle

A: Business entity principle is an accounting principle that signifies the person who owns the…

Q: Explain common forms of business ownership—soleproprietorship, partnership, and corporation—and…

A: A form of business that is owned and controlled by an individual and does not have a separate legal…

Q: Form of business that is legally created under Oman Commercial Law a. Cooperative b. Partnership c.…

A: Cooperative societies means that form of  activities which is run with the motive of mutual…

Q: Sources of business ownership.

A: Introduction:- Funds play vital role in every business for running operations. Companies cannot run…

Q: The ability to combine skills and knowledge is anadvantage of aa. partnership.b. sole…

A: Partnership is a form of business in which two or more than two people invest their time and money…

Q: a) What an associate is and explain the accounting requirements relating to having an associate and…

A: Companies invest money into another company and that company in which the investment is made becomes…

Q: What type of business is owned and funded by a single person who may or may not be involved in…

A: Business can be run in many form depending upon the formation and number of person involved.

Q: Which of the following is not an advantage of the corporate form of business organization? a)…

A: Introduction:- Corporation is a Legal entity. Shareholders are the owners of the organisation.

Q: permitted Salalah Methanol Co. is a to engage in any lawful, for profit business or activity other…

A: Sole proprietorship refers to a form of business organization that is owned, managed, and controlled…

Q: Discuss the different types of business structures and compare and contrast these different…

A: Introduction: The way activities like task distribution, coordination, and supervision are oriented…

Q: he entity that obtains control over another business in a business combination called the

A: Consolidated financial statements: When an investor company holds above 50% in the outstanding stock…

Q: All of the following are forms of business organizations except: A. proprietorship B. partnership C.…

A: Business organization refers to an entity formed for the purpose of commercial transactions whose…

Q: Which type of business organization is owned by only one owner? Corporation Partnership Sole…

A: Find the business organization that is owned by only one owner:

Q: Explain common forms of business ownership—sole proprietorship, partnership, and corporation—and…

A: A sole-proprietorship is one that has one owner who has unlimited liability for the business. A…

Q: Characteristics of a corporation include a.shareholders who are mutual agents b.direct management by…

A: Shareholders are considered as the owner of the corporation but their liability are limited to the…

Q: Which of the following is an example of a principal and an agent respectively Oa Shareholder,…

A: Principal-Agent relationship is where a principal appoints an agent to act on their behalf and in…

Q: Distinguish between corporations and sole proprietorshipsin terms of the following…

A: Sole proprietorships is the simplest form of business in which one particular operates the business…

Q: In which financial statement will drawing of a sole proprietorship be found

A: Drawings are defined as withdrawals from a sole proprietorship's business assets by the owner for…

Q: Which type of business structure requires that all shareholders be licensed? Question 1 options: a)…

A: A corporation is a separate legal entity created under the eyes of the law, i.e., a formal…

Q: Owners in which of the following forms of business have unlimited liability?   a. sole…

A: Business entity: A business organization which is created by one or more persons and governed by…

Q: For business it is difficult to expand and increase the number of branches: O a. Corporation b.…

A: Partnership and corporation businesses have more than one owners and managing personals and they…

Q: Stockholders are of the business. of a corporation. Common stockholders have the right to vote on…

A: Company needs various type of sources in order to raise finance for the business. Issue of shares is…

Q: Which of the following is NOT a form of ownership that the entrepreneur should consider? a. Sole…

A: Partnership can be defined as an agreement in which two or more parties agrees to share profits and…

Q: Determine if sole proprietorship, partnership, or corporation. Select all that is applicable between…

A: A corporation other enterprising entity engaging in commercial, industrial, or professional activity…

Q: In which legal business relationship two or more people agree to share ownership and management of a…

A: Correct Option is A - None of these Partnership is a  legal business relationship two or more people…

Q: Determine whether each describes a sole proprietorship, a general partnership, or a corporation.…

A: The answers are provided below:

Q: When the management of a business is conducted by individuals other than the owners, the business is…

A: There are four types of business organizations , they are;  1.sole proprietors 2. partnership 3.…

Q: Of the following forms of business organization, which have stockholders with limited liability? a)…

A: SOLUTION-   A CORPORATION IS AN INCORPORATED ENTITY DESIGNED TO LIMIT THE LIABILITY OF ITS OWNERS…

Q: ot one of the three forms of business organization? Corporations. Partnerships.

A: The right answer  is option 5. Investors

Q: how do owners’ equity accounts in a corporation differ from those in a sole proprietorship or…

A: Stockholder’s equity: It refers to the amount of capital that includes the amount of investment by…

Q: Business income allocations from an S corporation to its shareholders are self- employment income to…

A: The S-corporation is a special type of corporation in which all the income, gains, and losses of the…

Q: 1.What are the main advantages of proprietorships, partnerships, and limited liability companies?…

A: Step 1 Advantages of the sole proprietorship Ownership in the case of a sole proprietorship is in…

Q: What are advantages and disadvantages of changing the company organization from sole proprietorship…

A: Advantages of LLC: Pass-through taxation No restrictions on the number of members allowed Members…

Q: owners of corporations

A: Correct Answer :- A  Shareholders