When Taking Inventory, Do Not Assume Closed ________ or _________

question 18

Short Answer

When taking inventory, do not assume closed ________ or _________ contain what they are supposed to contain.

---

Definitions:

Issuing Stock

The process by which a company sells new shares to investors to raise capital, often through a public offering.

Corporation

A legal entity separate from its owners, with rights to own property, incur liabilities, and sell shares.

Partnership

A lawful business arrangement involving two or more people who divide both management responsibilities and earnings.

Proprietorship

A business owned and operated by a single individual, also known as a sole proprietorship.