Jack Smith and four other people own Persimmon Hill Farm, an agric-entertainment farm which provides corn mazes, bonfires, hay rides, and food treats to paying visitors. All of the owners have limited financial risk. Persimmon Hill Farm is a(n).

The correct answer is letter "C": corporation.

Explanation:

Corporations are considered to be separate legal entities from their owners according to law. That means corporations themselves are legally liable for their actions and debts, not the owners. If a corporation falls into debts, then creditors have claims against the corporation's assets, not the owners' personal assets.

b. condominum i think

income statement is prepared in order to show the profits and loss of a business. in order to prepare the income statement she should collect all the income and expenses of the product with the cost of production.