Study Guide

|[pic] 1. Sole proprietorships and partnerships atomic number 18 taxable entities. [pic]A. confessedly [pic]B. False [pic] While sole proprietorships and partnerships moldiness file selective information returns with the IRS, their income is taxed on the individuals tax return (Forms of trading Organization). |[pic] 2. Internal users of accountancy information include a companys investors (or stockholders). [pic]A. True [pic]B. False [pic] Since stockholders ar not normally officers, directors, or managers of the company they are considered outside(a) users of story information (Internal Users & External Users). | | |[pic] |2. |The legitimate ratio is a liquid ratio that is computed as current assets divided by current liabilities. | | | | | | | |[pic]A. | | | |True | | | | | | | | | | | |[pic]B.

| | | |False | | | | | | | | | | | |[pic]...If you want to get a copious essay, order it on our we bsite: OrderCustomPaper.com

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