Acc 202 - Study guides, Class notes & Summaries

Sole Proprietorship - A business owned by one person Simple to set up and gives you control over business Partnership - A business owned by two or more persons associated as partners. Typically a partnership agreement sets forth terms, such as initial investment, duties of each partner, division of profits or losses, and the settlement ti be made upon dissolving partnershup Corporation - A business organized as a separate legal entity under state cooperation and having ownership divided i...

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Acc 201 CSULB midterm 1Determines whether the company complied with tax laws - correct answer Internal Revenue Service Determines whether the company can pay its obligations - correct answer Creditors Determines whether an advertising proposal will be cost-effective - correct answer Marketing managers Determines whether the company's net income will result in a stock price increase - correct answer Investors in common stock Determines whether company should employ debt or equity fin...

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