Answered: Which type of business organization…

Which type of business organization provides the least amount of protection forbankers and other creditors of a company?a. Partnershipb. Corporationc. Proprietorshipd. Both a and c

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter2: Analyzing Transactions: The Accounting Equation

Section: Chapter Questions

Problem 3TF: According to the business entity concept, nonbusiness assets and liabilities are not included in the...

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Question

Which type of business organization provides the least amount of protection for
bankers and other creditors of a company?
a. Partnership
b. Corporation
c. Proprietorship
d. Both a and c

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