D.cash advance................
Answer:
5
Explanation:
A reporting entity is any entity in men or organizations that depends on the financial report produced by an organization for an understanding of the financial performances and position for the purpose of decision making. This can be investors and other stakeholders in the business.
In the scenario given , the relative parties that will rely of the financial report are
David Herbert as the Entrepreneur , Herbert Enterprises which prepare the report ,George , Herbert's brother an investor , First federal bank , a loan provider and City properties.
Answer:
since there is not enough room here, I used an excel spreadsheet
Explanation:
The answer is <u>"Unlimited liability means the business is responsible for the debt it incurs. If the business cannot pay its bills, the debt burden transfers to the owner(s), and he/she/they are liable for all debt".</u>
Unlimited liability alludes to the lawful commitments general accomplices and sole proprietors since they are at risk for all business obligations if the business can't pay its liabilities. As it were, general accomplices and sole proprietors are in charge of satisfying the greater part of the organization obligations by and by if the organization can't make its installments.
In this sense, the entrepreneurs are boundlessly obligated for all the business activities. Claims make a major issue for accomplices with Unlimited liability.
