Chapter 12, Problem 5BTN

To determine

The Corporate Form of Business:

There are several forms of business organizations like proprietorship, partnership, limited liability partnership, Corporate etc. Corporate for is the most complicated and wider form of business organization. It creates a separate legal identity of the business and allows the business to raise funds through public issue.

Requirement-1:

To identify: The Accounting titles reported in the equity section of balances sheet dated September 30, 2015, of Advance Bio Energy, LLC

To determine

Requirement-2:

To identify: The number of units issued and outstanding on the balance sheet dated September 30, 2015, of Advance Bio Energy, LLC

To determine

Requirement-3:

To identify: The largest asset and its amount on the balance sheet dated September 30, 2015, of Advance Bio Energy, LLC