Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 1 - Introduction to Financial Statements - Problems - Set A - Page 36: P1-5A

Answer

a) Partnership b) Sole proprietorship c) Corporation d) Partnership e) Sole proprietorship

Work Step by Step

a) A business owned by two or more person associated is know as partnership. b) Sole proprietorship means to set up and gives you control over the business. c) A business organized as a separate legal entity owned by different stakeholder is a corporation d)A business owned by two or more person associated is know as partnership e)Sole proprietorship means to set up and gives you control over the business.
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