This topic contains a solution. Click here to go to the answer

Author Question: A business in the form of a sole proprietorship ________. A) is separate and distinct from its ... (Read 87 times)

joe

  • Hero Member
  • *****
  • Posts: 627
A business in the form of a sole proprietorship ________.
 
  A) is separate and distinct from its owner
  B) is a separate legal entity
  C) files its own tax return
  D) is a company with a single owner

Question 2

The journal entry to record the purchase of merchandise on account would include a ________.
 
  A) credit to Accounts receivable
  B) credit to Cash
  C) credit to Accounts payable
  D) debit to Cost of goods sold



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

duy1981999

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

D

Answer to Question 2

C




joe

  • Member
  • Posts: 627
Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review


vickyvicksss

  • Member
  • Posts: 351
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

For a complete list of videos, visit our video library