Profits and losses are calculated at an entity level in which business structure? Select one or...

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Profits and losses are calculated at an entity level in which business structure? Select one or...

Profits and losses are calculated at an entity level in which business structure?

Select one or more:

a. Corporation

b. Limited Liability Company

c. Sole Proprietorship

d. Partnership

business accounting

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Answer 1

Answer #1

A corporation calculates its profits and losses at an entity level. Therefore, the correct answer is option a. Corporation

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Answer 2

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Profits and losses are calculated at an entity level in which business structure? Select one or...