activity 1.
directions: write the correct answer on the space provided before the number.

1. a business organization owned by only one owner.
2. two or more persons combine their property and industry.
3. has a legal entity entered by the operation of law.
4. includes company name, the statement of equity and the date.
5. the first investment made by the business.
6. decreases the equity account because the business withdrew cash.
7. the owner of a single proprietorship business.
8. the owner of a partnership business.
9. the term for the owner of a corporation.
10. formed in accordance with a cooperative code of the philippines.

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