From an Accounting Viewpoint,when Is a Business Considered as an Entity

question 133

Multiple Choice

From an accounting viewpoint,when is a business considered as an entity separate from its owner(s) ?

• A)Only when organized as a sole proprietorship.
• B)Only when organized as a partnership.
• C)Only when organized as a corporation.
• D)A business is always considered as an accounting entity separate from the activities of the owner(s).

---

Definitions:

Cellular Respiration

A metabolic process that converts glucose into ATP, releasing energy for cellular processes, occurring in the mitochondria of cells.

Chemiosmosis

Process by which mitochondria and chloroplasts use the energy of an electron transport chain to create a hydrogen ion gradient that drives ATP formation.

Thylakoid Space

The internal compartment formed by the inner membrane of a thylakoid in chloroplasts, where the light-dependent reactions of photosynthesis occur.

Electron Transport

A series of chemical reactions within cells that transfers electrons from electron donors to electron acceptors, resulting in the synthesis of ATP.