The main differences among the balance sheets of the sole proprietorship,the partnership,and the corporation are found in the current assets and current liabilities sections.

Question

Quizplus · Accepted Answer

The main differences among the balance sheets of the sole proprietorship, the partnership, and the corporation are found in the equity section, reflecting the ownership structure of each entity, not in the current assets and current liabilities sections.

The Main Differences Among the Balance Sheets of the Sole