Multiple Choice
The proprietorship form of business organization
A) in most provinces, must have at least two owners.
B) is often chosen for single owner operated businesses.
C) is difficult to set up.
D) is classified as a separate legal entity.
Correct Answer:
Verified
Correct Answer:
Verified
Q5: Potential employees who use annual reports to
Q10: Net income is another term for revenue.
Q28: Financial statement users are interested in net
Q45: Which of the following uses accounting information
Q46: Retained earnings at the end of the
Q48: Shareholders' equity can be described as claims
Q52: Which of the following uses accounting information
Q65: Two internal users of accounting information are
Q79: The liability of corporate shareholders is limited
Q92: The common characteristic possessed by all assets