Can sell goods (merchandising) Owned by one person and legally not separate from the owner Can make
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Can sell goods (merchandising)
Owned by one person and legally not separate from the owner Can make and sell goods (manufacturing)
Jointly owned by two or more persons and legally not separate from the owners Owned by one or more persons and legally separate from the owner(s)
Can provide and sell services The Coca-Cola Company A law firm owned by some of the employees, who are each liable for the financial obligations of the entity Partnership Corporation Required:
For each of the three types of business entities, select as many of the definitions, examples, or descriptions as apply to that type of entity.
Exercise
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Related Book For
Cornerstones Of Financial Accounting Current Trends Update
ISBN: 9781111527952
1st Edition
Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen
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