Businesses can be classified into the following forms: proprietorship, partnership, corporation, limited liability company (llc), and limited liability partnership (llp). different forms of businesses have different characteristics. which of the following characteristics belong to a corporation? check all that apply. owners with limited liability and little input into daily management of the firm chartered by a state and is its own legal entity, distinct from its owners has unlimited life easier to transfer ownership in the form of stock you see and read about different kinds of businesses every day. the following scenarios describe two businesses. use the description of each business to classify it as a proprietorship, partnership, corporation, or limited liability partnership and/or limited liability company (llp/llc). business #1: lafayette and his friend, shirley, run a carpet cleaning business. they distribute the profits proportionately and report their portion of the business’s profits on their individual tax returns. this is an example of: a partnership. an llp/llc. a proprietorship. a corporation .

Which stroke of the four-stroke cycle is shown in the above figure? a. power b. compression c. exhaust d. intake

Which of the following statements is true? a job costing system will have a separate work in process account for each of the major processes. a process costing system will have a single work in process account. a process costing system will have a separate raw materials account for each of the major processes. a process costing system will have a separate work in process account for each of the major processes.

Journalize the following transactions that occurred in september 2015 for aquamarines. no explanations are needed. identify each accounts payable and accounts receivable with the vendor or customer name. sep. 3 purchased merchandise inventory on account from shallin wholesalers, $5,000. terms 1/15, n/eom, fob shipping point. 4 paid freight bill of $80 on september 3 purchase. 4 purchased merchandise inventory for cash of $1,700. 6 returned $500 of inventory from september 3 purchase. 8 sold merchandise inventory to hermosa company, $6,000, on account. terms 2/15, n/35. cost of goods, $2,640. 9 purchased merchandise inventory on account from thomas wholesalers, $8,000. terms 2/10, n/30, fob destination. 10 made payment to shallin wholesalers for goods purchased on september 3, less return and discount. 12 received payment from hermosa company, less discount. 13 after negotiations, received a $200 allowance from thomas wholesalers. 15 sold merchandise inventory to jordan company, $2,500, on account. terms 1/10, n/eom. cost of goods, $1,050. 22 made payment, less allowance, to thomas wholesalers for goods purchased on september 9. 23 jordan company returned $400 of the merchandise sold on september 15. cost of goods, $160. 25 sold merchandise inventory to smithsons for $1,100 on account that cost $400. terms of 2/10, n/30 were offered, fob shipping point. as a courtesy to smithsons, $75 of freight was added to the invoice for which cash was paid by aquamarines. 26 after negotiations, granted a $100 allowance to smithsons for merchandise purchased on september 25. 29 received payment from smithsons, less allowance and discount. 30 received payment from jordan company, less return.