A partnership:
A) Is also called a sole proprietorship.
B) Has unlimited liability.
C) Has to have a written agreement in order to be legal.
D) Is a legal organization separate from its owners.
E) Is a non-business organization.
Correct Answer:
Verified
Q77: Chuck Taylor withdrew $6,000 in cash for
Q82: The internal functions of a business include:
A)
Q83: The recording of financial transactions either manually
Q84: A corporation:
A) Is a legal entity separate
Q85: Accounting is an information and measurement system
Q87: Professional accountants can be:
A) Chartered Accountants.
B) Certified
Q88: An audit:
A) Is required for every business.
B)
Q89: Internal controls are procedures set up to:
A)
Q91: A business:
A) Is one or more individuals
Q92: Items such as sales slips, invoices, cheques,
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