Multiple Choice
David has decided to open an auto-detailing business.He will pick up an automobile from the client,take it to his parents' garage,detail it,and return it to the client.If he does all of the work himself and takes no legal steps to form a special organization,which type of business organization,in effect,has he chosen?
A) Limited liability company
B) Partnership
C) Corporation
D) Proprietorship
Correct Answer:
Verified
Correct Answer:
Verified
Q5: The financial statements should be prepared in
Q27: The relative proportion of economic resources and
Q62: The business receives cash from a customer
Q63: IFRS accounting rules apply to all U.S.corporations.
Q65: Which of the following financial statements shows
Q66: Which of the following is a licensed
Q68: Hamilton Lawn Service earned $1,000 for services
Q69: The Sarbanes-Oxley Act ("SOX")made it a criminal
Q70: An investor is someone who loans money
Q71: Lindsey Smith decided to start her own