Question

to forms of business EL.3 (LO 2) C Listed below are several statements regarding different forms of business organization. Instructions For each statement, indicate if that statement is true or false for each of the forms of business organization by placing a Tor an F in each column. Publicly Traded Corporation Proprietorship Partnership a. Owners have limited liability. b. Records of the business are combined with the personal records of the owner or owners. c. Required to follow IFRS. d. Pays income taxes on its profits. e. Owners are called "shareholders." f. Will have more than one owner. g. Has a limited life. h. Has a separate legal existence from its owners,

Answer 1

solution :- for Partnership Putlicly Traded corporation Proprietorship T - F have liability shum in resput Conly in public hadust companies owu unitut to the amount du from of shares subscribed by thum) T ( records of proprutorship swords of owwn) au continued with pusonal (IFRS applicathe only for companies) t (Everybody is requent to pay Income Tan) } ( au in partnership owuste proprietor ship - owners owners au called parturs aust & company and parturship partuus / shareholders) have many owners (penta

Parturship rublicly traded Proprietorship Company т I only companus life is independent of in ourur. rume it has unlimitut life) т C A company has a identity different from ib cwun. It is a separate agal person) po Chapter two False (only assets durease by credits) True Capi CuowА імца. Сам ило, и credited) False (corrut sequence would be 2-1-3) 3. di C False Equity fresh is capital immasut by is brought) pary profit or when s True