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Withdrawals in a sole proprietorship or partnership are equivalent to which of the following in a corporation? (Points : 3) net income dividends salaries retained
earnings
When two or more individuals engage in an enterprise as co-owners, the organization is known as a partnership. This form of organization is popular among personal service enterprises, as well as in the legal and public accounting professions. [ The important features of and accounting procedures for partnerships are discussed and illustrated below. ]
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User: Withdrawals in a sole proprietorship or partnership are equivalent to which of the following in a corporation? (Points : 3) net income dividends salaries retained earnings





Weegy: When two or more individuals engage in an enterprise as co-owners, the organization is known as a partnership. This form of organization is popular among personal service enterprises, as well as in the legal and public accounting professions. [ The important features of and accounting procedures for partnerships are discussed and illustrated below. ]
Expert answered|dailyduty|Points 0|

User: Withdrawals in a sole proprietorship or partnership are equivalent to which of the following in a corporation? (Points : 3) net income dividends salaries retained earnings

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Asked 9/12/2013 12:34:35 PM
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Which of the following are considered to be legal entities that exist separate and distinct from their owners? (Points : 3) sole proprietorships partnerships corporations organizations with more than 100 partners
Weegy: Sole proprietorships : are considered to be legal entities that exist separate and distinct from their owners. (More)
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Asked 9/12/2013 12:21:28 PM
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A corporation's life is specified in its charter. (Points : 3) True False
Weegy: The answer is True . A corporation's life is specified in its charter. A written document filed with a U.S. [ state by the founders of a corporation detailing the major components of a company such as its objectives, its structure and its planned operations. If the charter is approved by the state government, the company becomes a legal corporation. Also referred to as "charter" and "articles of incorporation". ] (More)
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Expert Answered
Asked 9/12/2013 12:27:04 PM
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A corporation's life is specified in its charter. (Points : 3) True False
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Updated 198 days ago|12/15/2014 5:11:25 PM
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A corporation's life is specified in its charter. This is True.

Added 198 days ago|12/15/2014 5:11:25 PM
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