Ly Course List ~ Lyryx Learning In X Ly Introduction to Financial Accou Ly Chapter 1 Lab - Required (Que: X Dashboard A lifa1.lyryx.com/student-servlets/LabServlet?ccid=11590 lyryx Spreadsheet Print Preferences Help Chapter 1 Lab - Required (Question 1) Name: shivam shivam Date: 2023-01-31 Question 1 [5 points] Descriptions of several different business organizations are given below. Determine what type of organization the situation described refers to (sole proprietorship, partnership or corporation). Click the space to the left of the description to select the type of business organization. Organization Type Description a) (Select One) SouthCo has 15,000 common shares available for issue. b) (Select One) The owners of Cantu Excavating are considered to be separate legal entities from the company. c) (Select One) NorthCo does not pay its own taxes; the three owners pay taxes on the income earned by the company. d) (Select One) The assets held by Raintree were contributed by several shareholders. e) (Select One) The owner of Capital Consultants is not a separate legal entity from the company. Official Time: 18:41:52 SUBMIT AND MARK SAVE AND CLOSE