Reference no: EM132966085
Problem 1: Accounting provides information to:
Option 1: managers.
Option 2: government.
Option 3: investors.
Option 4: All of the above.
Problem 2: Which is an advantage of a sole proprietorship form of business?
Option 1: There is limited personal risk.
Option 2: The business can continue indefinitely.
Option 3: The owner makes all the decisions.
Option 4: All of the above.
Problem 3: If total assets are $35,000 and total liabilities are $8,000, Capital must equal:
Option 1: 12000
Option 2: 27000
Option 3: 8000
Option 4: 20000
Problem 4: Revenue, expenses, and withdrawals are subdivisions of:
Option 1: assets.
Option 2: liabilities.
Option 3: owner's equity.
Option 4: All of the above.
What tort theories might the plaintiff apply to this case
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