Question 5. for 10 marks Match the type of business with their characteristics below. Type of Business A. Corporation B. Partnership C. Sole proprietorship D. Partnership and sole proprietorship Characteristic 1. Uses withdrawal accounts or drawing accounts. 2. Uses owner capital accounts. 3. Uses retained earnings account. 4. Uses a dividends declared account. 5. Uses a profit ratio to allocate earnings among the owners. 6. Requires a charter. A 7. Issues share certificates. C 8. Has only one owner. A 9. Has a board of directors. 10. Involves more than one owner but has no charter. Acquisition