M4

Question 1

All changes, whether increases or decreases to the owner’s interest on the company during the period are reported here.

Answer 1

STATEMENT OF CHANGES IN EQUITY

Question 2

–An entity whose assets, liabilities, income and
expenses are centered or owned by only one person.

Answer 2

SINGLE/SOLE PROPRIETORSHIP

Question 3

An entity whose assets, liabilities, income and expenses are centered
or owned by two or more persons.

Answer 3

PARTNERSHIP

Question 4

An entity whose assets, liabilities, income and expenses are centered
or owned by itself being a legally separate entity from its owners. Owners are called
shareholders or stockholders of the company.

Answer 4

CORPORATION

Question 5

every member gets own voice

Answer 5

COOPERATIVE

Question 6

The very first investment of the owner to the company.

Answer 6

INITIAL INVESTMENT

Question 7

Increases to owner’s equity by adding investments by the owner.

Answer 7

ADDTIONAL INVESTMENT

Question 8

–Decreases to owner’s equity by withdrawing assets by the owner.

Answer 8

WITHDRAWALS