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


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