Which One of the Following Forms of Business Organization Offers

question 7

Multiple Choice

Which one of the following forms of business organization offers liability protection to some of its owners but not to all of its owners?

• A)Sole proprietorship
• B)General partnership
• C)imited partnership
• D)Limited liability company
• E)Corporation

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Definitions:

Purchases Journal

A specialized accounting journal used to record all purchases of goods and services on credit.