Question: Microsoft is a legal entity whose assets and liabilities are separate from those of its owners. Microsoft is owned by any number of shareholders. Multiple

Microsoft is a legal entity whose assets and liabilities are separate from those of its owners.
Microsoft is owned by any number of shareholders.
Multiple Choice
limited partnership
general partnership
proprietorship
corporation
Microsoft is a legal entity whose assets and liabilities are separate

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

The strong man is pulled in the three situations shown. Rank, from least to greatest, the amount of tension in the rope in his right hand (the one attached to the tree in B and C). A Itd

Q:

Microsoft is a legal entity whose assets and liabilities are separate from those of its owners. As a , Microsoft is owned by any number of shareholders.

Q:

30 A _____ is a legal entity whose assets and liabilities are separate from that of its owners'. It can also enter into contracts with individuals or with other legal entities. Select one: a. limited...

Q:

30 A _____ is a legal entity whose assets and liabilities are separate from that of its owners'. It can also enter into contracts with individuals or with other legal entities. Select one: a. limited...

Q:

Movie Makers is a legal entity whose assets and liabilities are separate from its owners. It can receive, own, and transfer property, enter into contracts with individuals or other legal entities,...

Q:

WK-5-A-2 Text Book title Managers and the Legal Environment ISBN: 9781285860374 Just remember any time you identify a legal claim in the discussions or in the written assignments, you will need to...

Q:

Identify what you found interesting about the below articles and give an example of how you would apply what you learned to a new client you just acquired that is opening a new business and wants to...

Q:

Financial Accounting Study Guide 11th edition 23. Transactions are recorded in alphabetic order in a journal 24. The trial balance will not balance when incorrect account titles are used in...

Q:

1.A partnership in which the partners divide the profits and management responsibilities and share unlimited personal liability for the partnership's debts is called a(n) _____. Multiple Choice...

Q:

Question 1 A sole trader is a business entity that is: a.the simplest form of business organisation and is owned by multiple persons as a separate legal entity, an example is a shoe shop b.a complex...

Q:

MGT 1 0 1 Learning the Language Chapter 5 Name joins two firms in the same industry. A legal form of business with two or more owners is a 3 is an arrangement whereby someone with a good idea for a...

Q:

Geographic segment information can be used to determine how multinational a company is and the extent to which a company is diversified internationally. Refer to the geographic segment information...

Q:

Bond strengths can be used to estimate the relative stability of isomers that have different bonds. The isomer that has the larger total bond energy is more stable. One of the following isomers is...

Q:

True or false, less generally fallen into three categories banks, captive leasing companies in independence

Q:

A company issues 1,050 shares of its common stock for $33,600 cash. Prepare journal entries to record this event under each of the following separate situations.