What are the differences in the equity accounts of a sole proprietorship versus those of a corporation?

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Accounting Tools For Business Decision Making

ISBN: 9781119571056

7th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Feb 03, 2020 04:59 AM

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What are the differences in the equity accounts of a sole proprietorship versus those of a corporation?

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Unlike a corporation a sole proprietorship reports all equity capital in one account in the owners e...View the full answer

Accounting Tools For Business Decision Making

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