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Below is an essay on "Study Guide" from Anti Essays, your source for research papers, essays, and term paper examples.

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1.
Sole proprietorships and partnerships are taxable entities.

[pic]A.
True

[pic]B.
False

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While sole proprietorships and partnerships must file information returns with the IRS, their income is taxed on the individual's tax return (Forms of Business Organization).

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2.
Internal users of accounting information include a company's investors (or stockholders).

[pic]A.
True

[pic]B.
False

[pic]
Since stockholders are not normally officers, directors, or managers of the company they are considered external users of accounting information (Internal Users & External Users).

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|[pic]     |2.   |The current ratio is a liquidity ratio that is computed as current assets divided by current liabilities.           |
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|         |     |[pic]A.                                                                                                             |
|         |     |True                                                                                                               |
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|         |     |[pic]B.                                                                                                             |
|         |     |False                                                                                                               |
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Citations

MLA Citation

"Study Guide". Anti Essays. 14 Dec. 2018

<http://snehaedu.com/free-essays/Study-Guide-63064.html>

APA Citation

Study Guide. Anti Essays. Retrieved December 14, 2018, from the World Wide Web: http://snehaedu.com/free-essays/Study-Guide-63064.html