let the customer drink it?
Answer:
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Answer:
Sole proprietorship and partnerships generally have a tax advantage over many corporations, especially large ones.
Explanation:
Corporation face fewer regulations than Sole proprietorship.
In any partnership every partner is liable for their share of rights, privileges, and liability exposure.
An S Corp and C Corp are not taxed the same.
Answer:
Explanation:
The correct amounts are shown below:
1. Assets = Asset balance - depreciation + service revenue
= $60,000 - $925 + $1,500
= $60,575
2. Liabilities = Liabilities balance + employees wages earned
= $20,000 + $410
= $20,410
3. Stockholders' Equity = Equity balance - depreciation + service revenue - employees wages earned
= $40,000 - $925 + $1,500 - $410
= $40,165
4. Net Income = Net income balance - depreciation + service revenue - employees wages
= $9,000 - $925 + $1,500 - $410
= $9,165
