Children have not been taught how to think inside of the box which makes them have outstanding creative thinking
Answer:
b. Has unlimited liability for its partners.
Explanation:
Both partnerships and sole proprietorships are very common forms of business, are relatively easy to create, and they are both pass through entities, but they also have a commons disadvantage: their owners are personally for the business' obligations. That means taht if things go wrong, their owners will have to use their other personal assets to covers for any liabilities.
Answer:
-$28,200
Explanation:
when the inventory closing balance is overstated, the cost of goods sold is understated and as such the net income which is posted to the retained earnings will be overstated.
For the overstatement of depreciation, the net income will be understated by the same amount.
The reverse is the effect on net income for these items where the misstatement is otherwise.
Retained earnings adjustments required on January 1, 2022
= -$60,000 + $25,700 + $12,500 - $6,400
= -$28,200
Answer:I would say the answer is C.
Explanation: