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Which of the items below is not a business entity

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Reference no: EM132999042

Problem 1: Which of the items below is not a business entity?

Select one:

a. proprietorship

b. partnership

c. corporation

d. entrepreneurship

Problem 2: Which of the following is not an asset?

Select one:

a. inventory

b. investments

c. cash

d. owner's equity

Problem 3: Four financial statements are usually prepared for a business. The statement of cash flows is usually prepared last. The statement of owner's equity (OE), the balance sheet (B), and the income statement (I) are prepared in a certain order to obtain information needed for the next statement. In what order are these three statements prepared?

Select one:

a. OE, I, B

b. B,OE, I

c. B, I, OE

d. I,OE, B

Reference no: EM132999042

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