Multiple Choice
The proprietorship form of business organization
A) must have at least three owners in most provinces.
B) represents the largest number of businesses in Canada.
C) combines the records of the business with the personal records of the owner.
D) is characterized by a legal distinction between the business as an economic unit and the owner.
Correct Answer:
Verified
Correct Answer:
Verified
Q72: Ogilvie Homes is a business owned by
Q73: When an owner, in a proprietorship or
Q74: Which of the following is true when
Q75: One item is omitted in each of
Q77: Which of the following would best be
Q78: A private company is one that issues
Q79: Recognition is the process of recording a
Q80: Accounts payable is the asset created when
Q81: Ethics are critical in the preparation of
Q92: The common characteristic possessed by all assets