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From an Accounting Viewpoint,when Is a Business Considered as an Entity

Question 133

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From an accounting viewpoint,when is a business considered as an entity separate from its owner(s) ?


A) Only when organized as a sole proprietorship.
B) Only when organized as a partnership.
C) Only when organized as a corporation.
D) A business is always considered as an accounting entity separate from the activities of the owner(s) .

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