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Anastasy [175]
3 years ago
12

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

The ownership can easily be transferred to another individual.C. The owner enjoys limited liability for the firm's debts.D. Debt financing is easy to arrange in the firm's name.E. Obtaining additional equity is dependent on the owner's personal finances.
Business
1 answer:
goblinko [34]3 years ago
7 0

Answer:

B: the ownershipcan be easily transferred to another individual

E. Obtaining additional equity is dependent on the owner's personal finances

Explanation:

B:the ownershipcan be easily transferred to another individual because the owner has the full authority and control over the business and he can make any decision at any time. he is not liable to pay other peoples investement or capital

E. Obtaining additional equity is dependent on the owner's personal finances because the owner is the only person investing in the company and relies on personal fiances or loans obtained on his own account

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A mining company declared a liquidating dividend. The journal entry to record the declaration must include a debit to1. Retained
gregori [183]

Answer: Option (2)

Explanation:

Paid in capital is referred to as or known as amount of the capital which is paid in by the investors during the preferred or common stock issuance, including par value of shares in addition to the amount in excess of the par value. The paid in capital tends to represent funds which are raised by organization through selling of equity.

6 0
2 years ago
Which statement is true of entrepreneurs?
strojnjashka [21]

Entrepreneurs are people that make their own business. Most businesses tend to have a rough start and can possibly even fail. It depends on how the person creating the business acts and how determined they are to make the business flourish. Although many rich people may of started off of just one product that got advertised well and was sold quickly. Even if it isn't a product but more so a service, you can be very successful. Just know what the people want.

Hope this helped!


3 0
3 years ago
Read 2 more answers
You currently own 100 shares of stock in Beverly Brothers Inc. The stock currently trades at $120 a share. The company is contem
Gwar [14]

Answer:

No option is correct, since you will have 200 shares and each share should be worth around $60.

Explanation:

If the 2-for-1 stock split takes place then you will have 200 shares instead of 100. For every 1 share that you currently own, the corporation will issue another share.

Since the price of the shares was $120 before the stock split, after the stock split the price will be divided by two (the same proportion). So each new share will cost approximately $60.

In order for option 2 to be correct, the stock spit should have been 3-for-1.

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n choosing a career, your personal resources are defined as _____. a. the amount of money you require to accept the job when fir
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Choosing a career, your personal resources are defined as who you are and what you have to offer an employer.

<h3>How a person get a job a make their career?</h3>

A person makes their career in the field of their expertise or the subject they have studies about before. The person has some sort of skills that they develop at the time of studies that helped the person to get a job or choose career.

Thus, option B is correct.

For further details about person get a job a make their career, click here:

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2 years ago
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