Match the Type of Business with Their Characteristics Below

Essay

Match the type of business with their characteristics below. Type of Business
A. Corporation
B. Partnership
C. Sole proprietorship
D. Partnership and sole proprietorship Characteristic ____
1.Uses withdrawal accounts or drawing accounts. ____
2.Uses owner capital accounts. ____
3. Uses retained earnings account. ____
4. Uses a dividends declared account. ____
5.Uses a profit ratio to allocate earnings among the owners. ____
6.Requires a charter. ____
7. Issues share certificates. ____
8. Has only one owner. ____
9. Has a board of directors. ___
10. Involves more than one owner but has no charter .