Which is advantage of sole proprietorship form of business

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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.

Reference no: EM132966085

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