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TAMU ACCT 229 Exam 1Questions And Answers 100% Solved

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3 types of businesses - sole proprietorship, partnership, corporation unlimited liability - sole proprietorship & partnership limited liability - corporation Sole Proprietorship - one owner advantage: easy to form separate entity for accounting purposes not a separate entity for legal purposes or tax purposes Partnership - two or more owners separate entity for accounting purposes not a separate entity for legal or tax purposes Corporations - business incorporated under the laws of a p...

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  • uploaded  05-04-2024
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