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) a limited-liability company
B) a partnership
C) a corporation
D) a sole proprietorship
Correct Answer:
Verified
Correct Answer:
Verified
Q58: What are Generally Accepted Accounting Principles (GAAP)?
Q69: Exchange Company collected $14,000 from one of
Q72: York Casting Services started the year with
Q73: Accord Company purchased land for $120,000 by
Q76: Bubble Wraps Company receives cash from the
Q77: Hamilton Lawn Services incurred $800 as a
Q78: The ultimate control of the corporation rests
Q92: Critical thinking and judgment skills are not
Q159: Financial statements are business documents used to
Q235: Which of the following users would rely