1. 7. Under which of the following forms of organization is ownership readily transferrable?

   a. sole proprietorship

   b. partnership

   c. corporation

   d. qll of the above have equal transferability

2 points

Question 8

1. 8. The accountant's primary function is

   a. evaluating the financial statements of a company

   b. making decisions based upon the financial data

   c. collection and presentation of financial data

   d. planning cash flows

2 points

Question 9

1. 9. The wealth of the owners of a corporation is represented by

   a. profits (net income or net profit)

   b. earnings per share of common stock

   c. share price

   d. cash flow