1. What are the four primary disadvantages of the sole proprietorship and partnership forms of business organization? What benefits are there to these types of business organization as opposed to the corporate form?
2. Discuss the difference between book value accounting and market value accounting. Your discussion should not be less than 250 words and please provide references.
3. Claims to economic resources” are known as Assets and liabilities Liabilities and stockholders’ equity Owners’ equity and stockholders’ equity Retained earnings and revenues.