Accounting information is used only by external users with a direct financial interest in a company.
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Q11: An advantage of the corporation is that
Q12: A partnership must have at least 2
Q13: Under the proprietorship form of business organization,
Q14: In a partnership, all of the partners
Q15: A working knowledge of accounting can be
Q17: A corporation is only subject to the
Q18: In a situation with an ethical consideration,
Q19: Creditors are an example of an internal
Q20: Only the accountants should be concerned with
Q21: Liabilities are the resources owned by a
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