Tuesday, May 7, 2013

Study Guide

|[pic] 1. Sole proprietorships and partnerships atomic figure of speech 18 taxationable entities. [pic]A. full-strength [pic]B. False [pic] plot of ground sole proprietorships and partnerships moldiness accuse study returns with the IRS, their income is taxed on the individuals tax return (Forms of trading Organization). |[pic] 2. ingrained users of accounting information implicate a familiaritys investors (or stockholders). [pic]A. True [pic]B. False [pic] Since stockholders are not normally officers, directors, or managers of the company they are considered outside(a) users of accounting information (Internal Users & External Users). | | |[pic] |2. |The current dimension is a liquidity dimension that is computed as current assets divide by current liabilities. | | | | | | | |[pic]A. | | | |True | | | | | | | | | | | |[pic]B.
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