For accounting purposes,a business and its owner are considered the same entity.
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Q11: Sole proprietorships in the United States generate
Q12: Exchange rates for currency change daily according
Q13: Corporations represent the largest number of businesses
Q14: Knowledge of the exchange rate is necessary
Q15: For reporting purposes,the personal assets and debts
Q17: The processing stage of accounting is accomplished
Q18: When a corporate stockholder sells his or
Q19: Accountants focus on the needs for financial
Q20: Accountants consider money the common unit of
Q21: Equity is reduced when owner's withdrawals exceed
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