A firm's ending equity equals the firms beginning equity plus any change in retained earnings

Categorizing is the means of generating lists of strengths and weaknesses for the organization

Indicate whether the statement is true or false

Which of the following apply to a sole proprietorship:

a. a person is in business for himself b. no government license usually required c. no tax return required in the name of the business d. a person is in business for himself and no government license usually required e. none of the other choices