One disadvantage of the proprietorship is:
A) it is the least regulated form of business ownership.
B) limited personal liability.
C) excessive access to capital.
D) limited skills and abilities.
Answer: D
Business
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The employees of Sinclair Services, Inc. worked the last two weeks of December. They received their paychecks on January 2. Which of the following accounts should appear on the balance sheet as of December 31?
A) Accounts Payable B) Salaries Payable C) Salaries Expense D) Prepaid Expense
Business
Divorcees, often called second-chancers, usually have lower household incomes and are between the ages of 40 and 59
Indicate whether the statement is true or false
Business