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Which type of business organization is owned by stockholder

Assignment Help Financial Accounting
Reference no: EM132966274

Problem 1: Which type of business organization is owned by its stockholder?

A) Partnership

B) Sole proprietorship.

C) Corporation.

Problem 2: Which accounting concept states that omitting or misstating this information could influence users of the financial statements?

A) The accrual concept.

B) The materiality concept.

C) The going concern concept.

D) The consistency concepts.

Problem 3: Which of the following concepts means that similar items should receive a similar accounting treatment.

A) Going concern

B) Accrual

C) Consistency

D) Substance over form

Reference no: EM132966274

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