Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 1 [5 points] Descriptions of several different business organizations are given below: Deteonine what type of organization the ton described refers to (sole
Question 1 [5 points] Descriptions of several different business organizations are given below: Deteonine what type of organization the ton described refers to (sole proprietorship, partnership or corporation) Click the p left of the description to select the type of business organization Organization Type a) (Select One) (Select One) b) Sole Proprietorship Partnership Corporation c) TOUT) d) (Select One) o (Select One) Description Judith Grimm and Carrie Ford, the owners of Z-Mart, each report their respective share of the company's profits on their personal income tax returns The owners of Universal Maintenance Co are considered to be separate legal entities from the company Andrew Martin, the owner of Beamer Co., reports the profits of the business on her personal income tax return The owners of Softouch Co. are legally distinct from the business For the owners of Spin Master Toys, their loss is fented to what they invested.
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