Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 1 - Introduction to Financial Statements - Brief Exercises - Page 27: BE1-1

Answer

Letter (A) Partnership Letter (B) Sole Propietorship Letter (C) Corporation

Work Step by Step

Letter A corresponds to "partnership" because a partnership shared control, tax advantages, increased skills and resources Letter B corresponds to a sole proprietorship because a sole proprietorship is simple to set up and maintains control with owner Letter C corresponds to a corporation because a corporation is easier to transfer ownership and raise funds, no personal liability.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.

GradeSaver will pay $15 for your literature essays
GradeSaver will pay $25 for your college application essays
GradeSaver will pay $50 for your graduate school essays – Law, Business, or Medical
GradeSaver will pay $10 for your Community Note contributions
GradeSaver will pay $500 for your Textbook Answer contributions