Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 01, 2024

A business created as a distinct legal entity and treated as a legal person is called a: Group of answer choices sole proprietorship. unlimited liability

A business created as a distinct legal entity and treated as a legal "person" is called a:

Group of answer choices

sole proprietorship.

unlimited liability company.

limited partnership.

general partnership.

corporation.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Essentials For Hospitality Managers

Authors: Chris Guilding, Kate Mingjie Ji

4th Edition

1032024321, 9781032024325

More Books

Students also viewed these Accounting questions

Question

★★★★★

Assume the Small Components Division of Nelson Manufacturing produces a video card used in the assembly of a variety of electronic products. The divisions manufacturing costs and variable selling...

Answered: 1 week ago

Question

★★★★★

Having issues with errors in code like list having no attribute shape here code transcript: (no indents) ## Insert your code BEGIN # Define any variables or methods that you need here import numpy as...

Answered: 1 week ago

Question

★★★★★

16. Discuss the following statement: "When a change in a country's nominal interest rate is caused by a rise in the expected real interest rate, the domestic currency appreciates. When the change is...

Answered: 1 week ago

Question

★★★★★

Todd Motor Company manufactures automobiles. During September 2010 the company purchased 5,000 head lamps at a cost of $9 per lamp. Todd withdrew 4,650 lamps from the warehouse during the month....

Answered: 1 week ago

Question

★★★★★

Im not sure we should lay out $320,000 for that automated welding machine, said Jim Alder, president of the Superior Equipment Company. It would cost us $88,000 for software and installation, and...

Answered: 1 week ago

Question

★★★★★

Absorption and Variable Costing with Over- and Underapplied Overhead Flaherty, Inc., has just completed its first year of operations. The unit costs on a normal costing basis are as follows:...

Answered: 1 week ago

Question

★★★★★

Employee Demographics Company A has 4 0 employees: 3 0 work in Sales, the rest in Customer Service. Company B has 3 6 employees: 1 8 work in Customer Service, the rest in Sales. Question Arrange the...

Answered: 1 week ago

Question

★★★★★

Renovation Nation Pty Ltd (Company) sold bathroom and kitchen products. Due to financial difficulties Tristan, an administrator, has been appointed to take control of the company. At the time of his...

Answered: 1 week ago

Question

★★★★★

Suppose Tim is a single full time worker, earning $75000 per year. He has a government bonds which return $1300 a month. He rents his apartment for $210 a week, with a monthly electricity bill of...

Answered: 1 week ago

Question

★★★★★

Pamrod Manufacturing acquired all the assets and liabilities of Stafford Industries on January 1, 20X2, in exchange for 4,000 shares of Pamrods $20 par value common stock. Balance sheet data for both...

Answered: 1 week ago

Question

★★★★★

Carol is the purchasing manager for J'Divine, a popular wedding photography business. She is responsible for assessing the purchasing and supply activities performed by J'Divine's purchasing and...

Answered: 1 week ago

Previous Question Next Question