Which type of business is considered separate from those who own it?
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Which type of business is considered separate from those who own it?
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- What are some of the reasons a business owner might choose the corporate form of business?What is the difference between a trade or business and a production of income activity and why is it important to distinguish between these two types of activities?How can the separate entity concept benefit the owner and the business
- Explain what the separate entity assumption means whenit says a business is treated as separate from its owners foraccounting purposesWhat are the three principal forms of business organization? What are theadvantages and disadvantages of each?How are accounting and business administration different?
