Tyler would like to own a train store and operate it by himself. He has enough money to open it and operate it on his own and elects to do so. What form of business is this?
A. Sole proprietorship.
B. Partnership.
C. LLC.
D. S-corporation.
Answer: A
You might also like to view...
Which of the following should be classified as an investing activity on the statement of cash flows?
a. interest on notes payable b. payment to suppliers for inventory c. payment of dividends d. None of these
Audit sampling is the application of an audit procedure to less than 100 percent of the items within an account balance or class of transactions for the purpose of evaluating some characteristic
a. True b. False Indicate whether the statement is true or false
An accountant may have conducted such a limited audit that she does not feel able to offer an opinion as to the accuracy of the client's financial statements. In such situations, the accountant may issue a(n) ________.
A. opinion letter B. unaudited statement C. disclaimer D. qualified opinion
Office supplies are an example of ______.
a. leveraged purchases b. noncritical purchases c. strategic purchases d. bottleneck purchases