Question

Differentiate between the various types of enterprises (Corporation, Partnership, Proprietorship). Note the primary characteristics and unique...

Differentiate between the various types of enterprises (Corporation, Partnership, Proprietorship). Note the primary characteristics and unique accounting methods required for each type. (200 words)

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Solution:

Add a comment
Know the answer?
Add Answer to:
Differentiate between the various types of enterprises (Corporation, Partnership, Proprietorship). Note the primary characteristics and unique...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Differentiate between various types of common financial statements discussed in this chapter and explain the purpose...

    Differentiate between various types of common financial statements discussed in this chapter and explain the purpose of each.

  • Your boss wants you to provide an evaluation of the following: Proprietorship, partnership, corporation, charter, and...

    Your boss wants you to provide an evaluation of the following: Proprietorship, partnership, corporation, charter, and bylaws Limited Partnership, limited liability partnership, and professional corporation Stockholder wealth maximize market, and capital market maximization Money market, capital market, primary market, and secondary market Private market, public market, and derivatives Investment bank: financial services corporation, and financial intermediary Mutual fund, and money market fund Physical location exchange, computer/telephone network Open outcry auction and dealer market automated trading platform Production opportunities and time...

  • You are interested in establishing a small business. Write a paper between 1,000 and 1,500 words...

    You are interested in establishing a small business. Write a paper between 1,000 and 1,500 words discussing your small-business idea. Include the following: 1. Discuss your business idea and the product or service your small business provides. 2. Identify which accounting method (i.e. cash versus accrual) you plan to use for your business. Why did you select this choice? 3. List six business transactions you expect to incur with your company. State which accounts (from your chart of accounts) are...

  • You are interested in establishing a small business. Write a paper between 1,000 and 1,500 words discussing your small-business idea. Include the following: 1. Discuss your business idea and the produ...

    You are interested in establishing a small business. Write a paper between 1,000 and 1,500 words discussing your small-business idea. Include the following: 1. Discuss your business idea and the product or service your small business provides. 2. Identify which accounting method (i.e. cash versus accrual) you plan to use for your business. Why did you select this choice? 3. List six business transactions you expect to incur with your company. State which accounts (from your chart of accounts) are...

  • Part 3. Determining character states: an introduction to primate systematics Instructions: Compare the six labeled skulls...

    Part 3. Determining character states: an introduction to primate systematics Instructions: Compare the six labeled skulls and fill in the chart by assigning character states to the characters using 0, 1, or 2. Then, use the information from the completes chart to answer the following questions. Score the characters in the following manner: Post-orbital bar: 0 = absent 1 = present Post-orbital closure: 0= absent 1 - present Tooth comb: 0= absent 1 = present Dental formula: 0 = 2.1.3.3....

  • Wally Los Gatos and his partner Henry Chordate have formed a new limited partnership, Fin and...

    Wally Los Gatos and his partner Henry Chordate have formed a new limited partnership, Fin and Finicky Security Consultants. Fin and Finicky consults with corporations to determine their security needs. You have been hired by Wally and Henry to design a database management system to help them manage their business. Due to a recent increase in business, Fin and Finicky has decided to automate their client tracking system. You and your team have done a preliminary analysis and come up...

  • Please read the case study below on the differences between equity and liabilities. Decide whether the...

    Please read the case study below on the differences between equity and liabilities. Decide whether the Class A common (ie. ordinary) shares may be disclosed as part of shareholders’ equity. Explain the application of relevant passages from AASB 132 and the Conceptual Framework to the Class A Common Shares, making specific connections between wording in in the standards and framework with the features of the shares. Using the AREA framework, do you agree or disagree with the classification of the...

  • 1) Although a proprietorship is not a separate legal entity, a partnership is True False 2)...

    1) Although a proprietorship is not a separate legal entity, a partnership is True False 2) Purchasing supplies on credit increases assets while decreasing liabilities. True False 3)On October 15, Gallery Comp. received $12,500 as a down payment on a consuting contract. The amount was credited to Unearned Consulting Revenue By October 31, 10% of the contract was completed. Gallery Corp. needs to prepare an adjusting entry for $1.250. True False 4) Asset, liability and revenue accounts are not closed...

  • QUESTION 1 Manuela has worked as an accountant in her own accounting business, a sole proprietorship,...

    QUESTION 1 Manuela has worked as an accountant in her own accounting business, a sole proprietorship, for more than seven years. Among the services she offers is tax return filing and personal investment advising. Which of the following is true of Manuela’s business? A. Manuela has little control over the management and operations of her business. B. Manuela has unlimited liability. C. Outside funding for the business has been easy for Manuela to obtain. D. Manuela had varied and complicated...

  • Written Assignment 3 for LEGL class

    Written Assignment #3Business Organizations ActivityBusiness organizations range from part-time sole proprietorships selling a few hundred dollars per year to publicly traded corporations on the New York Stock Exchange selling billions of dollars worth of products and services to the global marketplace. Regardless of the form of organization, being a successful business owner requires you to know the different forms of business organizations, their characteristics and their advantages and disadvantages. This will also help you to determine what is the best business...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT