withdrawals.Pre-Assessment1. Give at least 10 sole proprietorship establishment you are familiar with.Forms of Business Organization1. Sole Proprietorship is a business organization owned by one person. It isowner of the sole proprietorship is the pronrietor In mort caror tho prone incorporation. A corporation's unit of ownership is called stock evidenced with stock certificate.Activity1. Discuss a sole proprietorship as a form of business organization. Give 1 advantage and 1 disadvantage.2. Discuss a partnership as a form of business organization. Give 1 advantage and 1 disadvantage.3. Discuss a corporation as a form of business organization. Give 1 advantage and 1 disadvantage.Statement of Changes in Equity for Sole ProprietorshipABM Law OfficeStatement of Changes in EquityFor the Year Ended December 31, 2019

Sole proprietorship refers to the concept of which explains an entity that is owned by a single…

Answered: . Discuss a sole proprietorship as a…

Business

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. Discuss a sole proprietorship as a form of business organization. Give 1 advantage and 1 disadvantage

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

withdrawals.
Pre-Assessment
1. Give at least 10 sole proprietorship establishment you are familiar with.
Forms of Business Organization
1. Sole Proprietorship is a business organization owned by one person. It is
owner of the sole proprietorship is the pronrietor In mort caror tho prone

incorporation. A corporation's unit of ownership is called stock evidenced with stock certificate.
Activity
1. Discuss a sole proprietorship as a form of business organization. Give 1 advantage and 1 disadvantage.
2. Discuss a partnership as a form of business organization. Give 1 advantage and 1 disadvantage.
3. Discuss a corporation as a form of business organization. Give 1 advantage and 1 disadvantage.
Statement of Changes in Equity for Sole Proprietorship
ABM Law Office
Statement of Changes in Equity
For the Year Ended December 31, 2019

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