The three common forms of business ownership include sole proprietorship, partnership, and corporation.
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Q21: The business entity principle means that accounting
Q22: General accounting principles stem from long-used accounting
Q23: Generally accepted accounting principles are the basic
Q24: A sole proprietorship is a business owned
Q25: Understanding generally accepted accounting principles is not
Q27: The International Accounting Standards board (IASB) has
Q28: Objectivity means that financial information is supported
Q29: The three common forms of business ownership
Q30: A limited liability company offers the limited
Q31: Unlimited liability and separate taxation of the
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