Explain to appleton why it is now inaccurate for her to


Appleton used to operate her business as a sole trader entity. She has recently converted it into a limited liability company. Appleton owns 80 per cent of the ordinary (voting) shares, the remaining 20 per cent being held by various relatives and friends. Explain to Appleton why it is now inaccurate for her to describe the company as 'her' business.

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Financial Accounting: Explain to appleton why it is now inaccurate for her to
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