Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following business forms has an unlimited lifespan and when one of the owners dies, leaves or a new owner becomes part of

Which of the following business forms has an unlimited lifespan and when one of the owners dies, leaves or a new owner becomes part of the business entity, this has no bearing on the business itself? Also, the financial statements only have to be made available to the owners and directors.

a)Private Company

b)Sole Proporietorship

c)Partnership

d)Close Corporation

e)Public Company

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Forensic Accounting

Authors: Michael A Crain, William S Hopwood

2nd Edition

1948306441, 978-1948306447

More Books

Students also viewed these Accounting questions

Question

Do not come to the conclusion too quickly

Answered: 1 week ago

Question

Engage everyone in the dialogue

Answered: 1 week ago