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ʎddɐɥ ʎddɐɥ
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7 years ago
Which one of the following describes the separate entity assumption?
A) From a record keeping and accounting standpoint, proprietorships, partnerships and corporations are completely separate from their owners.
B) Proprietorships, partnerships and corporations are separate legal entities from their owners.
C) Proprietorships, partnerships and corporations keep all their records with the owner's personal records.
D) From a record keeping and accounting standpoint, proprietorships, partnerships and corporations are not completely separate from their owners.
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mourningbirdmourningbird
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7 years ago
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7 years ago
Thanks for your help!!
jamesbove
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Just got PERFECT on my quiz
Holly72492
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Helped a lot
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