Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

In a sole proprietorship the owner ________

09/01/2021 Client: saad24vbs Deadline: 24 Hours

1. Which of the following is true about a sole proprietorship?


 Income from a sole proprietorship is distributed to the owner in the form of a dividend.


 A sole proprietorship is a company owned by two or more individuals.


 The income from a sole proprietorship is taxed on the owner's personal income tax return.


 The owner's liability is limited to the amounts invested in the business.




2. Corporations are ________.


 for-profit businesses only


 exempt from legal liability


 owned by shareholders


 manufacturers and not service organizations




3. Disadvantages of the corporate form of business organization include ________.


 separation of ownership and management


 limited liability for shareholders


 double taxation


 two or more of these




4. A manufacturing business ________.


 provides services to its customers


 buys goods for resale


 makes the products it sells


 will lend money to customers




5. Team Shirts, Inc. pays $5,000 cash for T-shirts from a supplier. This transaction ________.


 causes an increase in total assets


 is a financing activity


 is an investing activity


 is an operating activity




6. Revenues include ________.


 the amount received from borrowing


 the amount earned from providing goods to customers


 the amount earned from providing services to customers


 two or more of these




7. Team Shirts, Inc. pays $600 for insurance. This transaction ________.


 causes total liabilities to increase and retained earnings to decrease


 is an operating activity


 is an investing activity


 causes total assets to increase and total liabilities to increase




8. The statement of cash flows ________.


 shows the changes that took place in the amount of shareholders' equity during a period


 is a list of all the cash collected and cash paid during a period


 is a summary of all of the revenues minus all of the expenses for an accounting period


 describes the financial situation of a company at a specific point in time




9. Wok N Roll, Inc. shows $300,000 of assets and $60,000 of shareholders' equity on its balance sheet. Liabilities must equal ________.


 $360,000


 $240,000


 $300,000


 $60,000




10. Team Shirts, Inc. repays a $2,000 loan. This transaction ________.


 causes total liabilities to decrease


 causes total assets to increase


 causes total shareholders' equity to increase


 is an investing activity




11. On March 1, Team Shirts had a beginning balance in retained earnings of $1,200. During March, Team Shirts paid $200 in dividends and had net income of $2,000. The March 31 balance in retained earnings was ________.


 $3,400


 $3,200


 $1,200


 $3,000




12. Dividends are ________.


 the same as expenses


 owners' contributions to the firm


 a reduction in retained earnings


 another term for each partner's share of partnership income




13. Comparative balance sheets ________.


 include gross profit and operating income


 report revenues for both the current and previous years


 report financial ratios for the current year which are compared to the prior year's


 include balances of two consecutive years




14. Financial services companies ________.


 deal in services related to money


 lend money to consumers to pay for cars and houses


 sell insurance to their customers


 All of these are correct.




15. The owners of a corporation are called ________.


 partners


 shareholders


 stockholders


 two or more of these




16. Which of the following is true about a corporation?


 Each individual shareholder has individual legal responsibility for the corporation's actions.


 Managers of corporations can be held responsible for the actions of the corporation.


 Corporations are exempt from taxes; however, the shareholders are required to pay taxes on dividends received.


 Corporations must have a minimum of two or more shareholders.




17. The stock market is ________.


 where the IRS is located


 located in New York City


 the general term used to refer to all stock exchanges


 where businesses become incorporated




18. A business form in which the partners are not personally liable for the malpractice of any of the other partners is called a ________.


 partnership


 modified sole proprietorship


 limited liability partnership


 corporation




19. Dell Inc.'s distribution of earnings to owners is called dividends. Dell must be a ________.


 sole proprietorship


 corporation


 sole proprietorship or partnership


 partnership




20. For which organization are the personal assets of the owners at risk?


 partnership


 sole proprietorship and partnership


 corporation


 sole proprietorship


 

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Homework Guru
University Coursework Help
Top Essay Tutor
Helping Hand
Writer Writer Name Offer Chat
Homework Guru

ONLINE

Homework Guru

Hi dear, I am ready to do your homework in a reasonable price and in a timely manner.

$62 Chat With Writer
University Coursework Help

ONLINE

University Coursework Help

Hi dear, I am ready to do your homework in a reasonable price.

$62 Chat With Writer
Top Essay Tutor

ONLINE

Top Essay Tutor

I have more than 12 years of experience in managing online classes, exams, and quizzes on different websites like; Connect, McGraw-Hill, and Blackboard. I always provide a guarantee to my clients for their grades.

$65 Chat With Writer
Helping Hand

ONLINE

Helping Hand

I am an Academic writer with 10 years of experience. As an Academic writer, my aim is to generate unique content without Plagiarism as per the client’s requirements.

$60 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Assignment - Bill beardall gospel doctrine - Hank b marvin net worth - Example of openness in nursing - Three cheeky monkeys song - Honeywell cylinder stat wiring - Properly tied pullover brown frost - Week 1 plagiarism free - NEED 3+ PAGES WITH 3 REFERENCES CITED IN APA FORMAT - Rich dad own your own corporation pdf - US Constitution - I think you should leave bozo dubbed over episode - Edelweiss pirates cologne 1944 - Accounts payable in peoplesoft - Criteria of case study in psychology - I wish i weren t or wasn t - Taking social action discussion post - Systemverilog assertions examples with answers - Hamilton county vehicle emissions testing - A mile in his shoes full movie - Pollan botany of desire pdf - Nsw det merit selection procedures - Yarn shop business plan template - Dive master job description - The economy is in a severe recession the government should - Physical changes and chemical reactions lab report - Essay - Selling medical ultrasound technology in asia - Prince evans solicitors llp - Permutations and combinations in excel - Scottish homing union ring list 2017 - Teaching the bluest eye - Dhanmondi 27 haunted house - Hris needs assessment - Apollo xp95 optical smoke detector - Court cards in playing cards - Saudis expand regional power as others falter summary - Research Paper for Genetics- No page limit But be able to provide turnitin plagiarism 0% - 5 cheeky monkeys teasing mr crocodile - Penn foster bookkeeping final project - Aws direct connect mtu - Percy jackson the lightning thief chapter 1 - BUS HW - Investing your money crossword puzzle answers chapter 13 - How to properly apply proactive - Motte and bailey castles - One plastic bag picture book - How do you utilize resources available within the correctional institution - Isaac's storm discussion questions answers - Assessment 2: - Ham iv rotor cable - Find and Review articles and summarize - Mr blunt t shirt scary movie - Zara strengths and weaknesses - Introduction to java programming daniel liang pdf download - House of payne bake rattle and roll - Mis midterm - Casey nelson is a divisional manager - Research paper - Emulsification of fats in the duodenum is assisted by: - Best practices for lan domain compliance - Archies cab in bayonne nj - MGT/498: Strategic Management Wk 5 - Apply: Signature Assignment: Strategic Management Research Project Presentation [due Day 7] Wk 5 - Apply: Signature Assignment: Strategic Management Research Project - Edit My Paper Narrative Paper - Gatsby chapter 1 quotes - Need Disuccion question and response completed - What are four common types of changes and trends - Essay - Hybrid everyday value pricing strategy - Franklin and higginbotham from slavery to freedom pdf - Week 5 discussion for hsc4010 epidemiology and desease control - Genius puff pastry tesco - Great expectations chapter 56 - Gantt chart in minitab - Standard deviation on casio fx-82au plus ii - Global treps project scope statement - Program evaluation alternative approaches and practical guidelines 4th edition - General ecology lecture notes - Preaching the word only refers to the old testament - Essay - Jobcentre plus customer compliance officer letter - Critical thinking game plan example - Frequency of rcd testing - Feasibility study sample for small business - Comfort height toilet wickes - Econ essay 1200-1300 words - Geology homework help - PSY4500/Week 6 - Assignment: Evaluate Psychotherapy Research - Australian financial accounting 7e - 2 chronicles chapter 20 - An example of biotic - Who warned hank about the cousins - Charles gairdner eye clinic - Where are you going where have you been pdf - Learn labview in 6 hours - Beauty by jane martin review - Domonique bertolucci the daily promise pdf - Master budget project managerial accounting - Paula Plaintiff's Really Bad Week, Part 2 - Halal chocolate brands australia