Accounting Principles, Volume 2: Chapters 13 - 26
Accounting Principles, Volume 2: Chapters 13 - 26
12th Edition
ISBN: 9781118978764
Author: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
Publisher: WILEY
Question
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Chapter 12, Problem 12.5BYP

(a)

To determine

Business Entity: An organization which is formed by one or more individuals with the purpose to carry a business is known as a business entity. The business entity always has its separate existence from its owner.

To identify: The form of business

(b)

To determine

To identify: The advantages.

(c)

To determine

To identify: The disadvantages

(d)

To determine

To identify: The another form of business that can be chosen

(e)

To determine

To identify: The person who can help in the formation of organization.

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