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Tutorial 21936

The division of U.S. businesses into the categories of proprietorships, partnerships, and corporations is based on: Generally accepted accounting p...

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Question:

The division of U.S. businesses into the categories of proprietorships, partnerships, and corporations is based on:

  1. Generally accepted accounting principles.
  2. Legal considerations.
  3. The judgment of the American Economic Association.
  4. An executive order of the President.

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