Exam (elaborations)
TAMU ACCT 229 Exam 1 questions with correct answers
- Course
- ACCT 521
- Institution
- Texas A&M University
Sole Proprietorship CORRECT ANSWER -one owner -advantage: easy to form -the owner uses it as a separate entity for accounting purposes, but not for legal purposes -unlimited liability Unlimited Liability CORRECT ANSWER The owner is personally and fully responsible for all losses and debts of ...
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