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Question: - What are the advantages to a business of being formed as a corporation? What are the disadvantages?

- What are the advantages to a business of being formed as a partnership or sole proprietorship? What are the disadvantages?

- Accounting is ingrained in our society and is vital to our economic system." Do you agree? Explain.

- Who are the internal users of accounting data? How does accounting provide relevant data to the internal users?

- Who are the external users of accounting data? Give examples.

Accounting Basics, Accounting

  • Category:- Accounting Basics
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