Proprietorshippartnership Study guides, Class notes & Summaries
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MGT 8803 Exam Questions with All Correct Answers
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MGT 8803 Exam Questions with All Correct Answers Forms of Business - Answer-sole proprietorship, partnership, corporation Proprietorship/Partnership - Answer-Taxed PERSONALLY (business not taxed) Legally responsible (unlimited liability) Corporation - Answer-limited liability, double taxation Assumptions of financial accounting - Answer-Separate entity, unit of measurement, going concern, periodicity, materiality Separate Entity Assumption - Answer-treat business and owner as se...
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