pls retake hour pls psl

Bonnie is a fresh graduate from Binus University International. She plans to be an entrepreneur and start her own business. One of her friends has the same interest with her and would like to have a joined business with Bonnie. a. Bonnie is considering taking her friend as her business partner. However, she is not sure what are the benefits and disadvantages of having a business partner. Bonnie met you in one of a social meeting. Advise Bonnie by explaining each business structure, their advantages, and limitations. How would a business structure affect the financial reporting? [6 points] b. Bonnie decided to be the single owner of her business. She started her business by investing all her saving and did not have any borrowings. Bonnie also actively involves in her business and knows her business in and out. Thus, Bonnie does not think it is necessary to keep any accounting record. Do you agree with Bonnie? Explain! [7 points] One day Bonnie had to visit her client for a meeting. The meeting was longer than expected, so Bonnie asked her client to continue the discussion while having lunch. Bonnie paid for the bill as she thought it would be part of business courtesy. When she returned to her office, she gave her lunch bill to her accountant. Do you think Bonnie lunch meeting is a business transaction? Explain (hint: relate business transaction to the concept of business entity, and explain business entity concept)! 17 noints C