Profits or losses are recorded in a share capital account. O TRUE O FALSE The main...

 

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Profits or losses are recorded in a share capital account. O TRUE O FALSE The main differences between profit reported by a proprietorship and a corporation are income tax expense and salaries paid to owners. O TRUE O FALSE 1 point 1 point Profits or losses are recorded in a share capital account. O TRUE O FALSE The main differences between profit reported by a proprietorship and a corporation are income tax expense and salaries paid to owners. O TRUE O FALSE 1 point 1 point

Answer rating: 100% (QA)

1ansthe statement is false An income statement is a tax statement that shows all of the revenue earn... View the full answer