Please Define the Following Key Terms

question 79

Essay

Please define the following key terms. Show Who? What? Where? When? Why Important?
-Delian League

---

Definitions:

Separate Legal

Refers to a legal entity, such as a corporation, that is legally distinct from its owners.

Taxable Entity

An individual, organization, or corporation subject to taxes on income or transactions by governmental agencies.

Proprietorship

A form of business organization where a single individual owns the company and is responsible for its debts.

Balance Sheet

A financial statement that displays a company's assets, liabilities, and shareholder equity at a specific point in time, providing a snapshot of its financial condition.