Multiple Choice
Match the following characteristics with the form of business entity that best describes it. Each may be used more than once.
-Easy and cheap to organize
A) Proprietorship
B) Partnership
C) Corporation
D) Limited liability company (LLC)
Correct Answer:
Verified
Correct Answer:
Verified
Q200: Liabilities are reported on the<br>A) income statement<br>B)
Q201: An example of an external user of
Q202: Indicate how the following transactions affect the
Q203: Krammer Company has liabilities equal to one-fourth
Q204: Indicate whether each of the following activities
Q206: Expenses are recorded when<br>A) cash is paid
Q207: Match the following business types with each
Q208: The basic difference between manufacturing and merchandising
Q209: Which of the following groups is considered
Q210: The assets and liabilities of Thompson