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- Please look at the Squarespace inc 10 - k 2023 financial statement and answer the question please. Read Foot Note 1 to learn about if the company has any parents or subsidiaries. Are there any parents, subsidiaries, or sister companies? No the company does not have any subsidiaries, parents, sisters.]2 Which of the following statement is not true? A, The format of special journals that a business uses depends on the nature of the business. B. A subsidiary ledger is a secondary ledger that supports a controlling account in the general ledger. C. The company should design different special journals to record every single kind of transaction, e.g. Revenue Journal. D. When subsidiary ledgers are used, the primary ledger is then call the general ledger. A В O C DIn your words, explain special types of Business ownership. Also, explain when and why would you want to choose each one of them. In what situation you might want to change the ownership from one form to another? *Please type don't write
- 13-Which of the following will be not be called as Source Document of a Business? a. List of suppliers are kept under Purchase ledger by the business b. Debit note raised by the business c. Sales invoice issued by the business d. Purchase invoice received by the businessCan you able to do a brief comparisson regarding A B C D and E companies that I have attached herewith?Evaluate different company situations and their applications of footnotes. Include three different companies. Consider the following questions to guide your response: How do the various companies utilize footnotes? How are companies’ situations similar or different? walmart, Tesla and Alpabet Inc
- "Distinction should be made between the personal transactions of owner and those of entity." Which of the following is the accounting concept defined in the paragraph? Select one: a. Dual Aspect b. Going Concern c. Business Entity d. none of the optionV3. The owner of a company asks you if he can charge all his personal expenses to his business. He said that he owns the company anyway. Explain to the business owner the business entity assumption and the ethical considerations of his idea. (Include references please)"Distinction should be made between the personal transactions of owner and those of entity." Which of the following is the accounting concept defined in the paragraph? Select one: a. Going Concern b. Dual Aspect O c. Business Entity O d. none of the option
- What is the purpose of a statement of profit or loss for an entity? List three typical items that you would see in the statement of profit or loss for a computer service technician.Listed below are definitions, examples, or descriptions related to business entities.1. Owned by one person2. Can make and sell goods (manufacturing)3. Owned by more than one person4. Can sell goods (merchandising)5. Can provide and sell services6. Legally, a separate entity from theowner(s)7. A law firm owned by some of theemployees who are each liable for thefinancial obligations of the entity8. The Coca-Cola CompanyRequired:1. For each of the three types of business entities (sole proprietorship, partnership, and corporation),select as many of the definitions, examples, or descriptions as apply to that type ofentity.2. CONCEPTUAL CONNECTION Explain the advantages and disadvantages of each type ofbusiness entity.Which of the following is not a user of internal accountinginformation?a. Store manager.b. Chief executive offi cer.c. Creditor.d. Chief fi nancial offi cer.
