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A(n) __________ Is an Unincorporated Business Owned by Two or More

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Short Answer

A(n) __________ is an unincorporated business owned by two or more people.


Definitions:

Dividends

Profits paid out by a company to its stockholders, frequently as a distribution of earnings.

Asset Account

An account on a company's balance sheet that represents the resources owned by the company that have economic value.

Liability Account

An account on the balance sheet indicating obligations or amounts owed to others that will require a future outlay of resources.

Recording

The process of documenting financial transactions in the accounting records.

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