1. which of the following is true about a sole proprietorship?

1.  Which of the subjoined is penny environing a unique proprietorship? 

 Income from a unique proprietorship is select to the proprietor in the make of a dividend.

 A unique proprietorship is a society owned by two or past peculiars.

 The allowance from a unique proprietorship is taxed on the proprietor's indivisible allowance tax give-back.

 The proprietor's amenability is poor to the sums invested in the duty.


2. Corporations are ________. 

 for-use dutyes only

 absolved from juridical amenability

 owned by divideholders

 manufacturers and not employment constructs


3. Disadvantages of the corporate make of duty construct apprehend ________. 

 separation of proprietorship and management

 poor amenability for divideholders

 double taxation

 two or past of these


4. A manufacturing duty ________. 

 provides employments to its customers

 buys consequence for resale

 makes the products it sells

 will present specie to customers


5. Team Shirts, Inc. pays $5,000 capital for T-shirts from a supplier. This action ________. 

 causes an growth in aggregate goods

 is a financing activity

 is an investing activity

 is an playing activity


6. Revenues apprehend ________.  

 the sum ordinary from borrowing

 the sum earned from providing consequence to customers

 the sum earned from providing employments to customers

 two or past of these


7. Team Shirts, Inc. pays $600 for prophylactic. This action ________.  

 causes aggregate liabilities to growth and retained hues to decrease

 is an playing activity

 is an investing activity

 causes aggregate goods to growth and aggregate liabilities to growth


8. The declaration of capital flows ________.  

 shows the changes that took attribute in the sum of divideholders' equity during a period

 is a inventory of all the capital serene and capital compensated during a period

 is a analysis of all of the revenues minus all of the expenses for an accounting period

 describes the financial position of a society at a particular subject-matter in time


9. Wok N Roll, Inc. shows $300,000 of goods and $60,000 of divideholders' equity on its redress quibble. Liabilities must resembling ________.   






10. Team Shirts, Inc. repays a $2,000 mortgage. This action ________. 

 causes aggregate liabilities to decrease

 causes aggregate goods to growth

 causes aggregate divideholders' equity to growth

 is an investing activity


11.  On March 1, Team Shirts had a preface redress in retained hues of $1,200. During March, Team Shirts compensated $200 in dividends and had net allowance of $2,000. The March 31 redress in retained hues was ________. 






12. Dividends are ________. 

 the identical as expenses

 owners' contributions to the firm

 a diminution in retained hues

 another engagement for each partner's divide of house allowance


13. Comparative redress quibbles ________. 

 apprehend coarse use and playing allowance

 report revenues for twain the prevalent and anterior years

 report financial ratios for the prevalent year which are compared to the anterior year's

 apprehend redresss of two coherent years


14. Financial employments companies ________. 

 deal in employments akin to specie

 present specie to consumers to pay for cars and houses

 sell prophylactic to their customers

 All of these are emend.


15. The proprietors of a confirmation are denominated ________.  




 two or past of these


16. Which of the subjoined is penny environing a confirmation? 

 Each peculiar divideholder has peculiar juridical responsibility for the confirmation's actions.

 Managers of confirmations can be held obligatory for the actions of the confirmation.

 Corporations are absolved from taxes; besides, the divideholders are required to pay taxes on dividends ordinary.

 Corporations must bear a minimum of two or past divideholders.


17. The store traffic is ________. 

 where the IRS is located

 located in New York City

 the open engagement used to apply to all store exchanges

 where dutyes beseem incorporated


18. A duty make in which the partners are not indivisiblely impeded for the malpractice of any of the other partners is denominated a ________. 


 modified unique proprietorship

 poor amenability house



19. Dell Inc.'s classification of hues to proprietors is denominated dividends. Dell must be a ________. 

 unique proprietorship


 unique proprietorship or house



20. For which construct are the indivisible goods of the proprietors at risk?  


 unique proprietorship and house


 unique proprietorship



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