Which of the following is a characteristic of a sole proprietorship?

a. the business is owned by more than one person.

b. it's easy to form.

c. each stockholder acts as an owner of the company.

d. it can continue indefinitely.

Chad and Allison Druxman launched a firm several years ago and have been particularly successful in introducing new products to the marketplace.

If there are external benefits associated with the consumption of a good or service:a. The private demand curve will underestimate the true demand curveb. The market demand curve will be the vertical summation of the individual demand costsc.

The unit of account function of money: all of the following are correct means that money makes price information more accessible requires that money be made of something valuable means that money can be used to save up purchasing power means that

If soybean farmers know that the demand for soybeans is inelastic, in order to increase their total revenues they should a. use more fertilizers and weed killers to increase their yields. b. plant additional acres to increase their output. c.

As the result of a choice, the person who makes the decision gets a ... A. benefit. B. consequence. C. cost. D. margin.

Barans Realty Co. pays weekly salaries of $18,000 on Monday for a six-day workweek ending the preceding Saturday. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Friday.

Montana Company was authorized to issue 200,000 shares of common stock. The company had issued 50,000 shares of stock when it purchased 10,000 shares of treasury stock.

The following items caused the only differences between pretax financial income and taxable income. 1.

Which of the following characteristics would lead the auditor to assess control risk at a higher level? a. It is difficult for the auditor to determine or gain access to the organization or individuals who own and/or control the entity. b.

The reason for the Fed being set up as an independent agency of government is to: