Listed below are several accounting terms introduced in this section. Each of the following statements may (or may not)describe one of these accounting terms.In the space provided,indicate the term described,or enter "none" if the statement does not correctly describe any of the terms.
________ (A. )An unincorporated business owned by one person.
________ (B. )An example of an organized securities market.
________ (C. )The right of each partner to negotiate binding contracts.
________ (D. )The total earnings of a corporation less dividends paid out.
________ (E. )Investments by the owners of a corporation.
________ (F. )A partnership where one or more partners are not personally liable for the debts of the partnership.
________ (G. )An organization that serves the professional needs of a CPA.
________ (H. )A business that is responsible for its own debts and which pays income taxes on its earnings.
________ (I. )An unincorporated business owned by two or more people.
________ (J. )A corporation whose shares are not publicly traded.

Question

Listed below are several accounting terms introduced in this section.  Each of the following statements may (or may not)describe one of these accounting terms.In the space provided,indicate the term described,or enter "none" if the statement does not correctly describe any of the terms.
________ (A. )An unincorporated business owned by one person.
________ (B. )An example of an organized securities market.
________ (C. )The right of each partner to negotiate binding contracts.
________ (D. )The total earnings of a corporation less dividends paid out.
________ (E. )Investments by the owners of a corporation.
________ (F. )A partnership where one or more partners are not personally liable for the debts of the partnership.
________ (G. )An organization that serves the professional needs of a CPA.
________ (H. )A business that is responsible for its own debts and which pays income taxes on its earnings.
________ (I. )An unincorporated business owned by two or more people.
________ (J. )A corporation whose shares are not publicly traded.

Quizplus · Accepted Answer

The Answer of Listed below are several accounting terms introduced in this section.  Each of the following statements may (or may not)describe one of these accounting terms.In the space provided,indicate the term described,or enter "none" if the statement does not correctly describe any of the terms.
________ (A. )An unincorporated business owned by one person.
________ (B. )An example of an organized securities market.
________ (C. )The right of each partner to negotiate binding contracts.
________ (D. )The total earnings of a corporation less dividends paid out.
________ (E. )Investments by the owners of a corporation.
________ (F. )A partnership where one or more partners are not personally liable for the debts of the partnership.
________ (G. )An organization that serves the professional needs of a CPA.
________ (H. )A business that is responsible for its own debts and which pays income taxes on its earnings.
________ (I. )An unincorporated business owned by two or more people.
________ (J. )A corporation whose shares are not publicly traded.

Listed Below Are Several Accounting Terms Introduced in This Section