A sole trader has limited liability. True/False?
Question:
A sole trader has limited liability. True/False?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (4 reviews)
False A sole trader does not have limited liability In a sole proprietorship which is the simplest f...View the full answer
Answered By
Deepak Sharma
0.00
0 Reviews
10+ Question Solved
Related Book For
Cambridge International AS And A Level Accounting
ISBN: 9781444181432
1st Edition
Authors: Ian Harrison
Question Posted:
Students also viewed these Business questions
-
Indicate whether each of the following statements is true or false by writing T or F in the answer column. 1. The great majority of small businesses in the United States are organized as limited...
-
Please put true or false with explanation. Case 5: Achaian, Inc. v. LeemonFamily LLC, 25 A. 3d 800 (Del. Ch. Ct. 2011) (Mallor 16 th Ed. p. 1067, case 6). Omniglow, LLC, a Delaware limited liability...
-
Mr. D. Duck, a sole trader has not maintained proper accounting records during the year. He provides you with bank statements that show payments to suppliers of 86,167. You determine that the opening...
-
Under California Law, does a client Carmen Leake have an affirmative defense to inability to pay child support where a parent's inability to pay is due to unwillingness to work, if that parent is...
-
Johnny Football Shop began operations on January 2, 2014. The following stock record card for footballs was taken from the records at the end of the year. A physical inventory on December 31, 2014,...
-
Simplify the following: 1. \(\left(\frac{7^{9}}{10^{5} \times 6^{3}} ight)^{8}\) 2. \(\left(\frac{4}{a^{9} b^{6}} ight)^{2}\)
-
Explain the terms passenger kilometre and tonne-kilometre.
-
Now that you have read this chapter on credit cards and consumer loans, what would you recommend to Zachary Cochrane regarding? 1. His approach to using credit cards, including the number of cards he...
-
What is an SBIR grant? Describe the SBIR granting process, including how to apply for a grant, where do the funds come from, the amount of funding, and the obligations of the recipient of the grant....
-
Sole traders are required by law to keep a full set of double-entry books. True/False?
-
Closing inventory at 31 July 2014 is the same as opening inventory at 1 August 2014. True or false?
-
In 2020, Juan entered into a contract to write a book. The publisher advanced Juan $50,000, which was to be recovered out of future royalties. If the book was not completed by the end of 2021,...
-
Sunn Company manufactures a single product that sells for $180 per unit and whose variable costs are $141 per unit. The company's annual fixed costs are $636,000. The sales manager predicts that next...
-
Question 22(5 points) Silver Corp. declares a 15% stock dividend to its shareholders on 1/18. On that date, the company had 15,000 shares issued and 12,000 shares outstanding. Silver Corp. common...
-
Select your a diagnosis from the DSM-5. using your information found through a search of the literature available on your selected diagnosis using appropriate references of peer reviewed journal...
-
Problem 1: Grand Monde Company manufactures various lines of bicycles. Because of the high volume of each type of product, the company employs a process cost system using the FIFO method to determine...
-
Draw the shear force, bending moment diagram of a beam for the loading condition as shown in the figure. Determine the maximum bending moment, and shear force in the beam. Support reactions are pre-...
-
What are the critical assumptions that Microsoft is making in buying Nokia? Do you believe these assumptions are realistic? Explain your answer.
-
Do public and private companies follow the same set of accounting rules? Explain.
-
Explain the term contribution.
-
A business produces 6000 units of a product. Variable costs total $18 000; fixed costs total $5000. Calculate the total cost of producing 7500 units.
-
Define semi-variable costs and give one example.
-
The following is part of the computer output from a regression of monthly returns on Waterworks stock against the S&P 5 0 0 index. A hedge fund manager believes that Waterworks is underpriced, with...
-
Doisneau 25-year bonds have an annual coupon interest of 8 percent, make interest payments on a semiannual basis, and have a $1,000 par value. If the bonds are trading with a market's required yield...
-
Hite corporation intends to issue $160,000 of 5% convertible bonds with a conversion price of $40 per share. The company has 40,000 shares of common stock outstanding and expects to earn $600,000...
Study smarter with the SolutionInn App