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Compare and contrast the potential liability of owners of

1.Explain why accounting profits and cash flows are not the same thing.

2.What is an agent? What are the responsibilities of an agent?

3.Describe how society's interests can influence financial managers.

4.Briefly define the terms proprietorship, partnership, and corporation.

5.Compare and contrast the potential liability of owners of proprietorships, partnerships (general partners), and corporations.

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Financial Management: Compare and contrast the potential liability of owners of

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