Q.4. For each of the following scenarios, indicate applicable form of business against each of one. Write your answer in bold letters. (5 Marks)

1. .The business is not making enough money to pay its bills. The owners do not have to make up the difference with their personal funds nor properties.
2. Shelly and Roger have owned their business together for 6 years. Shelly dies. The business must be closed.
3. An unincorporated business entity with five owners is a
4. The profit of Andrews business must be reported 0n his personal tax return.
5. There is a lawsuit against a business and there is not enough money to pay the claims of the creditors. Then owners will be responsible for the amount they have invested into the business entity.