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WHAT IS THE MOST COMMON FORM OF OWNERSHIP WHEN SETTING UP A BUSINESS AND WHY? And, WHAT ARE THE MOST COMMON ERRORS WHEN SETTING UP

WHAT IS THE MOST COMMON FORM OF OWNERSHIP WHEN SETTING UP A BUSINESS AND WHY? And, WHAT ARE THE MOST COMMON ERRORS WHEN SETTING UP ADJUSTING ENTRIES AND HOW WOULD THESE ERRORS AFFECT THE VARIOUS FINANCIAL STATEMENTS?

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