proprietorship possesses all but one of the following characteristics. Which of the following is a characteristic of a proprietorship?
A) If a proprietorship cannot pay its debts, lenders can take the owner's personal assets to satisfy the obligations.
B) A proprietorship is an "artificial person" in the eyes of the law.
C) Ownership is divided into individual shares.
D) A proprietorship is owned by shareholders or stockholders.
Correct Answer:
Verified
Q11: Generally accepted auditing standards are the rules
Q12: companies set standards of ethical conduct for
Q13: principles called GAAP are established by the:
A)
Q14: Proprietorships are the most common and numerous
Q15: Businesses can be organized in a variety
Q17: are more _ than any other form
Q18: partnership possesses which of the following characteristics?
A)
Q19: proprietorship possesses which of the following characteristics?
A)
Q20: limited liability partnership possesses which of the
Q21: first step in incorporation is to:
A) have
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