Summary of Study Objectives

Summary of Study Objectives - Summary of Study Objectives 1...

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Summary of Study Objectives 1 Describe the primary forms of business organization. owned by one person. A partnership is a business owned by tw as partners. A corporation is a separate legal entity for which e provided by shares of stock. 2 Identify the users and uses of accounting information. need accounting information to plan, organize, and run busine external users are investors and creditors. Investors (stockhold information to help them decide whether to buy, hold, or sell s Creditors (suppliers and bankers) use accounting information credit or loaning money to a business. Other groups who have business are taxing authorities, customers, labor unions, and r 3 Explain the three principal types of business activity. collecting the necessary funds to support the business. Investi the resources necessary to run the business. Operating activiti resources of the business into action to generate a profit. 4
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This document was uploaded on 11/03/2011 for the course ACCOUNTING ac 201 at Montgomery.

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Summary of Study Objectives - Summary of Study Objectives 1...

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