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Part 1 : Businesses are classified into one of three basic organizations: Sole proprietorships, partnerships, or corporations. For Part 1, describe at least three accounts
Part 1: Businesses are classified into one of three basic organizations: Sole proprietorships, partnerships, or corporations.
For Part 1, describe at least three accounts that would be present in a corporations financial statements as opposed to a partnership or a proprietorship. The accounts may be assets, liabilities, or equity. Be sure to explain the reasons why the accounts you selected are unique to the corporate structure.
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