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Unformatted text preview: person who owns it. This is a sole proprietorship 6. BioProducts does not pay income taxes and has one owner. This is a sole proprietorship 7. Tampa Biz pays its own income taxes and has two owners. This is a corporation Exercise 1-4 Three external users of accounting information are entrepreneur, retailers, and business owners. The questions that they would seek an answer to could be: How will I know if my business is profitable? How can I track the money I am bringing in and the money that is going out of the business?...
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This note was uploaded on 06/13/2010 for the course ACCOUNTING 220 taught by Professor Connie during the Spring '10 term at Phoenix School of Law.
- Spring '10