The main differences between profit reported by a proprietorship and a corporation are income tax expense and salaries paid to owners.
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Q1: Shares are attractive to investors because shareholders
Q2: The equity section of a corporation's balance
Q4: Authorized shares are the total number of
Q5: Income tax expense is recorded with the
Q6: Profits or losses are recorded in a
Q7: The two main areas of the equity
Q8: A limited liability company is a corporation
Q9: The statement of changes in equity for
Q11: The equity section for the single proprietorship
Q12: A corporation is a legal entity separate
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