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snow_lady [41]
3 years ago
9

Which one of the following statements correctly applies to a sole proprietorship?-The business entity has an unlimited life.-The

ownership can easily be transferred to another individual.-The owner enjoys limited liability for the firm's debts.-Debt financing is easy to arrange in the firm's name.-Obtaining additional equity is dependent on the owner's personal finances.
Business
1 answer:
Naddik [55]3 years ago
5 0

Answer:

The correct answer is the option E: Obtaining additional equity is dependent on the owner's personal finances.

Explanation:

To begin with, a <em>sole propietorship</em> is the name given to a type of company whose main characteristic is that <em>the ownership belongs to a single person</em> and that<u><em> there is no distinction between that person and the company</em></u>, therefore that the owner obtains all the profits but also has unlimited responsibility for all losses and debts.

Secondly, it is understandable that for this type of company it is difficult to obtain financing and that can only be done by two ways: debts or equity. Moreover, in order to do that, <em>the owner's personal finances have to go well according to the fact that the owner is equal to the entity</em> and therefore there is no distinction from the finances of both.

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Explanation:

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3 years ago
The U.S. government funds the federal budget deficit by Group of answer choices borrowing from large private banks at favorable
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The U.S. government funds the federal budget deficit by selling securities such as Treasury bonds and Treasury bills.

<h3>What is budget deficit?</h3>

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1 year ago
Are you surprised to learn that people participating in focus groups have a difficult time telling marketers what they prefer? W
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Explanation:

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2 years ago
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saul85 [17]

Answer:

c)accrual basis accounting

Explanation:

Accruals basis accounting (accruals accounting, the matching concept) depicts the effects of transactions and other events and circumstances on a reporting entity’s economic resources and claims in the periods in which those effects occur, even if the resulting cash receipts or payments occur in a different period.

In accrual basis accounting:

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2 years ago
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