Which is an advantage of a sole proprietorship form of business?
A) There is limited personal risk.
B) The business can continue indefinitely.
C) The owner makes all the decisions.
D) None of these answers is correct.
Correct Answer:
Verified
Q11: A partnership is a business which is
A)
Q14: If total liabilities increased by $2,000 and
Q16: Items owned by the business such as
Q18: Which of the following is NOT a
Q20: The purchase of supplies for cash would
Q20: The Sarbanes-Oxley Act was passed to:
A)prevent fraud
Q21: Katie's Vegetarian Restaurant,with total assets of $100,000,borrows
Q22: An acceptable variation of the accounting equation
Q24: Logan's Motor Sports buys $50,000 of supplies
Q59: The basic accounting equation is
A) Assets =
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