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Exercises Acctg & Business Organizations

Exercises Acctg & Business Organizations - One...

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Exercises: Accounting and Business Organizations Cathy Bandelow ACC 225/Toni Smith Exercise 1-1: a. corporation b. proprietorship c. corporation d. partnership e. proprietorship f. proprietorship g. partnership Exercise 1-4: External users of accounting information are lenders, regulators, and lawyers.
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Unformatted text preview: One question that external users may ask is, “Is this business profitable, is it showing a profit?” Another question, specifically a lender will ask, “Does this business generate enough cash to pay its debts?’...
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