Q: 1. Answer the following questions about corporation (essay): a. Differentiate partnership and…
A: A partnership is a kind of business structure in which two or more people agree to carry out…
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A: For starting or organisation of business, several business forms can be used. These can be sole…
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A: Following is the answer to the given question
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A: Sole proprietors: In this form of organization there is only one owner running the business. The…
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A: Note: I am providing the solution to the first question only. Please repost the remaining questions…
Q: Choose the correct. How does partnership accounting differ from corporate accounting?a. The matching…
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A: Hi student Since there are multiple questions, we will answer only first question.
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A: Sole proprietorship refers to a form of business organization that is owned, managed, and controlled…
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A: General Partnership is a business arrangement among two or more persons.
Q: When a limited liability company is formed, a. the partnership activities are limited O b. all…
A: Note : Since you have posted a multiple questions , we will solve the first question for you. If you…
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A: Corporation means the form of business where management is separately from owner and have perpetual…
Q: 4 - Which of the following is a private company? A) Joint stock company, collective company B)…
A: A private company can be defined as a company that is owned and managed by a private group of…
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A: A general partner in a general partnership can participate in the management of an entity. A limited…
Q: Which of the following is a characteristic of most partnerships? O A. Limited liability B. Mutual…
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A: Solution Concept Partnership business is a form of business which is carried out by two or more…
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A: Sole proprietorship is a form of business organization where a single person is the owner of…
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A: limited liability company - It is a company wherein if any debt arises of the business then the…
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A: There are various forms of business such as partnership, sole proprietorship, corporations etc.
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A: Unlimited liability refers to a situation where an owner of a business is responsible for the debt…
Q: All of the following are self-employment income except A) net income of a sole proprietorship.…
A: SOLUTION- SELF EMPLOYED INCOME IS EARNED FROM CARRYING ON BUSINESS OR TRADE AS A SOLE PROPRIETOR ,…
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A: Proprietorship is a form of business where a single person runs & owns the business. He has…
Q: Determine whether each describes a sole proprietorship, a general partnership, or a corporation.…
A: The answers are provided below:
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Q: How the limited liability partnership is differs to a limited liability company?
A:
Q: Compare and contrast the three types of business organizations (Sole proprietorship, Partnership,…
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Q: Unlimited liability is faced by the owners of: a) C-Corporations (C-Corps) b) S-Corporations…
A: Unlimited liability is a feature in which all business owners are liable to pay all business debts…
Q: Which of the following are limited liability entities? A. General partnership B. General liability…
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A: Partnership is a form of business in which two or more than two persons who are known as partners…
Q: Describe the difference between a sole proprietorship, a partnership, and a corporation?
A: Ownership- Ownership is the condition or fact of legal control and control over possessions, which…
Q: #IAS OR #IFRS what accounting standard are use for sole proprietorship? what accounting standard…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
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- Which of the following are limited liability entities? A. General partnership B. General liability company C.sole proprietorship D. S corporationOwners in which of the following forms of business have unlimited liability? a. sole proprietorships b. limited partnerships c. corporations d. LLCsWhich one of the followings has unlimited liability? A general partner in a limited partnership O A limited partner in a limited partnership A shareholder in an S-corporation A member in a limited liability company
- Owners enjoy limited liability in a a) partnership b) corporation c) sole proprietorship d) proprietorshipWhich of the following is a characteristic of most partnerships? A. Limited liability O B. Mutual contribution O C. Unlimited life O D. Division of profits onlyDifferentiate the SCE (Statement of Changes in Equity) of a sole proprietorship, a partnership and a corporation.
- Which business entity could have common stock authorized? O A. a sole proprietorship O B. a partnership O C. a limited liability company O D. a corporation O E. All of the above could theoretically have common stock authorized.Which of the following will best limit the liability of ALL owners of the business? O Sole Proprietorship Limited Partnership General Partnership CorporationAnalyse the concept of “Limited liability” for: Limited Liability Partnership Private Company