Under the proprietorship form of business organization, no distinction is made between the business as an economic unit and its owner.
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Q8: In a proprietorship, there may be 2
Q9: Accounting is the information system that identifies,
Q10: A corporation's ownership is divided into transferable
Q11: An advantage of the corporation is that
Q12: A partnership must have at least 2
Q14: In a partnership, all of the partners
Q15: A working knowledge of accounting can be
Q16: Accounting information is used only by external
Q17: A corporation is only subject to the
Q18: In a situation with an ethical consideration,
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