[Answered] Which of the following is legally a separate entity from its owner(s)? A) sole proprietorship B) ...

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Author Question: Which of the following is legally a separate entity from its owner(s)? A) sole proprietorship B) ... (Read 125 times)

littleanan

Hero Member
Posts: 575

on: Jul 5, 2018

Which of the following is legally a separate entity from its owner(s)?

A) sole proprietorship
B) partnership
C) corporation
D) Two of these are correct.

Question 2

In a perpetual inventory system, merchandise returned to vendors reduces the merchandise inventory account.
a. True
b. False

Indicate whether the statement is true or false

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dmurph1496

Sr. Member
Posts: 343

Reply #1 on: Jul 5, 2018

Answer to Question 1

C

Answer to Question 2

True

littleanan

Hero Member
Posts: 575

Reply #2 on: Jul 5, 2018

Thank you

dmurph1496

Sr. Member
Posts: 343

Reply #3 on: Jul 5, 2018

Happy to help you

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