menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting Tools Study Set 2
  4. Exam
    Exam 1: Introduction to Financial Statements
  5. Question
    The Proprietorship Form of Business Organization
Solved

The Proprietorship Form of Business Organization

Question 72

Question 72

Multiple Choice

The proprietorship form of business organization


A) in most provinces, must have at least two owners.
B) is often chosen for small owner operated businesses.
C) is difficult to set up.
D) is classified as a separate legal entity.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q8: Expenses are incurred<br>A)only on rare occasions.<br>B)to produce

Q35: The information needs and questions of external

Q67: Shareholders' equity is usually comprised of<br>A)common shares

Q69: The statement of changes in equity covers

Q70: Which financial statement is prepared first?<br>A)Statement of

Q71: An income statement<br>A)summarizes the changes in retained

Q74: Which financial statement would indicate whether the

Q76: If total liabilities increased by $15,000 and

Q77: The basic accounting equation subdivides liabilities into

Q87: Accounting identifies and records economic events of

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines