Liquidating distribution investment partnership
Owners of a corporation are called shareholders or stockholders. In the partnership form of business, the owners are called stockholders.
A limited liability company offers the limited liability of a partnership or proprietorship and the tax treatment of a corporation. An accounting information system communicates data to help businesses make better decisions. Managerial accounting is the area of accounting that provides internal reports to assist the decision making needs of internal users. The three major types of business activities are operating, financing, and investing. Planning is defining an organization’s ideas, goals, and actions.
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Objectivity means that financial information is supported by independent unbiased evidence.