The owner of a sole proprietorship has limited liability is legality separate from the business owns shares of stock of the business Owns shares of stock of the business. takes all of the prompts or losses of the business. The international preparation of fraudulent financial statements can result from all of the following except the manipulation of inventory records recording an expense that has been incurred but nice yet pad The misapplication of accounting principles. Which of the following financial statements summarizes the rested and expenses incurred by a business over an accounting periled? Balance Sheet Statement of Cash Flows Statement of Owners equity Income statement