Which of the following forms of organization are considered to be separate entities by accountants?
A)Partnerships only
B)Sole proprietorships only
C)Corporations only
D)Sole proprietorships,partnerships,and corporations

Question

Quizplus · Accepted Answer

Sole proprietorships, partnerships, and corporations are all considered separate entities by accountants for the purpose of financial reporting, as they require distinct accounting records from their owners or partners.

Which of the Following Forms of Organization Are Considered to Be