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For which form of business ownership are the owners of a business legally distinct from the business? Corporation Partnership Proprietorship all of the above A written promise to pay a specified amount of money at a particular future date is called a(n) : maturity note promissory note account receivable unearned revenue If the interest is $5,000 on a 6%, 60 day note, what is the principal? $500,000 $300,000 $5,000,000 not enough information to calculate Which characteristic will NOT be found in an effective system of internal control? Competent, reliable, and ethical personnel a combination of duties a separation of duties documents and records An accountant recognizes the impact of a business event as it occurs and accounts for it appropriately under which basis of accounting?
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