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RUNNING head: ACCOUNTING
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Student Name:
University Name:
Course:
Date:
Accounting
ACCOUNTING
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1. What type of business entity has only one owner, and it’s not distinguishable between the
owner and the business entity?
Sole-proprietorship
2. What type of business entity is formed when the owners desire to have thousands of owners,
raise capital through the sale of stock, has liability protection for its owners, and does not make a
special election?
Limited liability corporations
3. What type of business entity makes a special election, is limited by the number of owners, has
only one class of stock, and earnings/losses flows to its stakeholders?
S-corporation
4. What type of business entity makes a special election, and is generally created for the public
good?
Public-benefit Corporation
5. What is the amount of straight-line...
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