Thiago's store will be an example of a: Sole Proprietorship
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A sole proprietorship is an unincorporated company with simply one owner who meets personal income tax on profits derived. A sole proprietorship is the simplest kind of business to build or take alone, due to a shortage of government administration.
A sole proprietorship can work beneath the name of its proprietor or it can do trade following an imaginary name. Sole proprietors need not adopt conventions such as voting and meetings compared with the more complicated business forms. Numerous sole proprietorships close up making restructured into an LLC, in sync with the company's extension.
Answer:
D. Direct method
Explanation:
Cost allocation in financial accounting can be defined as the process of identifying, gathering and assigning of cost across multiple cost objects such as products, inventory or departments.
There are various types of cost allocation methods and these are;
1. Sequential method.
2. Activity-based management method.
3. Reciprocal services method.
4. Direct method.
The direct method is an allocation method for cost, where costs of the production service department are directly allocated to the production (operating) department of a firm or business entity using appropriate allocation base and then allocated to the product itself.
<em>Generally, the direct method is the easiest (simplest) but least accurate of the commonly used methods for allocating support department costs to production departments. </em>
Pinterest has the longest life
Answer:
No, it is depreciable property used in business is the correct answer.
Explanation: