A business created as a distinct legal entity composed of one or more individuals or entities is known as a: Select one: a. None of the given answers is correct. b. Sole proprietorship c. Owner-managed entity d. Partnership
A business created as a distinct legal entity composed of one or more individuals or entities is known as a: Select one: a. None of the given answers is correct. b. Sole proprietorship c. Owner-managed entity d. Partnership
Chapter15: Partnership Accounting
Section: Chapter Questions
Problem 4MC: Mutual agency is defined as: A. a mutual agreement B. the right of all partners to represent the...
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Question
A business created as a distinct legal entity composed of one or more individuals or entities is known as a:
Select one:
a. None of the given answers is correct.
b. Sole proprietorship
c. Owner-managed entity
d. Partnership
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