Sole proprietors have limited liability for the sole proprietorship's debts
a. True
b. False
Indicate whether the statement is true or false
False
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Describe an internal control that would prevent the payment of insurance premiums on an automobile that is no longer owned by the company
Professional athletes such as Peyton Manning and Maria Sharapova are featured in advertisements for Gatorade. According to this information, Gatorade is utilizing branded entertainment
Indicate whether the statement is true or false
ULab Inc, a biotechnology firm, recently had a fire in one of its offices, which resulted in the office building being fire gutted. The employees were not trained through fire drills, and the 10-story building had no fire escape route
Consequently, many employees were hospitalized for physical injuries, burns, and toxic smoke inhalation. What important social responsibility theory was ULab negligent of by not training its employees through fire drills and not installing a fire exit? A) corporate citizenship B) moral minimum C) stakeholder interest D) maximizing profits
Luminous Electrical, Inc. performed services of $8,000 on January 24 and invoiced the customer. Luminous received the $8,000 on January 31. Provide the journal entry on January 24 when services were performed. (Ignore explanation.)
What will be an ideal response