Examlex
The expected profit rate is found by dividing _________ by ________.
Corporation
A legal entity that is separate and distinct from its owners, who are shareholders, and it has its own rights and liabilities distinct from those of its owners.
Federal Statutes
Laws enacted by the federal government of a country.
Proprietorship
A business structure owned by a single individual, where the owner is entitled to all profits and responsible for all debts and liabilities.
Business Entity Assumption
An accounting principle that treats a business as an entity separate from its owners, meaning its financial transactions are recorded distinctly from those of its owners or other businesses.
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