I am going to name a couple of statements and terms. I need to know if they are Proprietorship, Partnership, or Corporation.1) Bronson Company presents a statement of retained earnings in its financial statements at year end2)Jean Johnson's home health care business doesn't have liability separate from herself3)Grand Canyon Company's Retained Earnings balance is 5 million4)Michael Johnson and Joaquin Nunoz each invested $10,000 in their computer consulting business, and received shares of the company's stock in exchange for their investments5)Crown Candy Company presents statement of owner's capital in its annual financial statement.6)Johnson, Capital7) Common Stock8) Statement of capital containing two capital accounts9) Par Value10) Stockholder's Equity11) Partners' Capital, December 3112) Statement of capital containing one capital account13) Retained Earnings14) Jones, Drawings15) Additional Paid-in-Capital
I am going to name a couple of statements and terms. I need to know if they are Proprietorship, Partnership, or Corporation.
1) Bronson Company presents a statement of
2)Jean Johnson's home health care business doesn't have liability separate from herself
3)Grand Canyon Company's Retained Earnings balance is 5 million
4)Michael Johnson and Joaquin Nunoz each invested $10,000 in their computer consulting business, and received shares of the company's stock in exchange for their investments
5)Crown Candy Company presents statement of owner's capital in its annual financial statement.
6)Johnson, Capital
7) Common Stock
8) Statement of capital containing two capital accounts
9) Par Value
10) Stockholder's Equity
11) Partners' Capital, December 31
12) Statement of capital containing one capital account
13) Retained Earnings
14) Jones, Drawings
15) Additional Paid-in-Capital
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 4 images
