1 - 1. 2. 3. 4. Which is not one of the three forms of...

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1. Which is not one of the three forms of business organization? A. Sole proprietorshi p. B. Creditorship. C. Partnership. D. Corporation. 2. Which is an advantage of corporations relative to partnerships and sole proprietorships? A. Lower taxes. B. Harder to transfer ownership. C. Reduced legal liability for investors. D. Most common form of organization. 3. Which statement about users of accounting information is incorrect ? A. Management is considered an internal user. B. Taxing authorities are considered external users. C. Present creditors are considered external users. D. Regulatory authorities are considered internal users. 4. Which of the following did not result from the Sarbanes-Oxley Act? A. Top management must n accuracy of financial inf B. Penalties for fraudulent activity increased. C. Independence of auditors increased. D. Tax rates on corporations increased.
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5. Which is not one of the three primary business activities? A.
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This note was uploaded on 02/28/2012 for the course ACCT 460 taught by Professor Charley during the Spring '12 term at Aachen University of Applied Sciences.

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1 - 1. 2. 3. 4. Which is not one of the three forms of...

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