Question: - What are the advantages to a business of being formed as a corporation? What are the disadvantages?
- What are the advantages to a business of being formed as a partnership or sole proprietorship? What are the disadvantages?
- Accounting is ingrained in our society and is vital to our economic system." Do you agree? Explain.
- Who are the internal users of accounting data? How does accounting provide relevant data to the internal users?
- Who are the external users of accounting data? Give examples.