Which of the Following Statements Is False

question 15

Multiple Choice

Which of the following statements is false?

• A) There is no need for the accounting and the reporting systems to separate economic transactions that concern the business exclusively,from those that concern its individual or corporate capital providers.
• B) A business represents a legal or economic entity that is separate from the individual or corporate capital providers.
• C) Any business must report on its economic activity by issuing periodic financial statements,even if only for tax purposes.
• D) If incorporated as a legal entity,a business can go to court,or be taken to court.

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Definitions:

Surveys

Research method based on questionnaires that are administered to a sample of respondents selected from a target population.

Confidential

Information or matters that are meant to be kept private or secret, not to be disclosed to unauthorized individuals.

Life History

A detailed narrative or research method that documents an individual's life experiences and personal reflections.

Biographical Information

Details regarding the life of a person, including their personal history, experiences, and achievements.