A Company: Select one: a. Is controlled by the IASB. b. Is the same as a limited liability partnership. c. Is a business legally separate from its owners. d. Has shareholders who have unlimited liability for the acts of the corporation. ed 40. C1.Which type of business organisation has the following characteristics? Conducts business separate from its owners The owners have limited liability The organisation is a taxable entity .00 on Select one: a. Company b. None of the above O O O O c. Partnership d. Sole proprietorship If the amount of beginning capital, ending capital and withdrawal was RM25,000, RM37,000 and RM23,000 respectively, the amount of net income or net loss for the period was: Select one: a. RM 14,000 O b. RM-14,000 c. RM35,000 d. RM35,000