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 34 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
Thanks for the timely response, appreciate it


Dinolord

  • Member
  • Posts: 313
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

For a complete list of videos, visit our video library