Accounting Chapter 1 Review Questions (Multiple Choice)
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The proprietorship form of business organization.
Generally receives favorable tax treatment relative to a corporation.
Which of the following is not one of the three forms of business organization?
investors
The partnership form of business organization
is a common form of organization for service-type businesses.
A business organized as a corporation
is owned by its stockholders
Most business enterprises in the United States are
proprietorships and partnerships