Economic resources that are owned by a business are called shareholders' equity.
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Q8: A proprietor has unlimited liability.
Q9: The liability of corporate shareholders is limited
Q10: Assets are resources owned by a business
Q11: Accounting information is not important to marketing
Q12: High standards of ethics are not required
Q14: The users of private company financial statements
Q15: Authorities, such as the Canada Revenue Agency,
Q16: Payments to shareholders are called dividends.
Q17: Companies present summarized financial information in the
Q18: A proprietorship is usually operated by the
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