Examlex
Explain the difference between an income statement for a corporation and an income statement for a sole proprietorship,and discuss why the difference arises.
Business Person
An individual who is actively involved in the management or ownership of a commercial enterprise.
Ongoing Relationship
A continuous interaction or association between entities that involves mutual dealings over a period of time.
Retainer
An advance payment or fee paid to a professional, such as a lawyer, by a client for future services.
Disbursements
Out-of-pocket costs incurred by the lawyer on the client’s behalf.
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