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Type of Ownership Structure
Explain Whether the Financial Statement Excerpt

question 12

Essay

Type of ownership structure
Explain whether the financial statement excerpt below is from the financial statements of a corporation, a sole proprietorship, or a partnership:
 Abhrams, Capital............................ $20,000 Johnston, Capital............................ 25,000Zinck, Capital.................................. 20,000 Total ..............................................$65,000\begin{array}{llcc} \text { Abhrams, Capital............................ } & \$20,000 \\ \text { Johnston, Capital............................ } &25,000\\ \text {Zinck, Capital.................................. } &\underline{20,000}\\ \text { Total ..............................................} &\$65,000\\\end{array}

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