Which form of business organization is established as a legal entity separate from its owners?

A. Sole proprietorship
B. Corporation
C. Partnership
D. None of these


Answer: B

Business

You might also like to view...

How will the change in Accounts Payable be shown on the statement of cash flows?

Virginia Company uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet:



A) as an addition to Net Income
B) as a deduction from Net Income
C) as a deduction from investing cash flows
D) as an addition to operating cash flows

Business

The examination of the differences between planned and actual contribution margins is called ________

a. contribution margin analysis b. yield analysis c. contribution margin ratio d. quantity analysis

Business

An occupier of property owes no duty to trespassers who come on their property

Indicate whether the statement is true or false

Business

____________________ describes your ability to interact with others.

Fill in the blank(s) with the appropriate word(s).

Business