Question

SECTION A QUESTION 1 Choose the correct option for each question. A close corporation has between... A. 1 and 50 owners. B. 1 and 10 owners. C. 2 and 20 owners. D. 7 owners and is only limited by the number of 1.2 Owner deposits money in the bank to increase capi A. Assets +; Liabilities + Owner's Equity + B. Assets - Llabilities +; Owner's Equity 0 C. Assets - ; Liabilities 0; Owner's Equity + D). Assets - Liabilities - Owner's Equity + 1.3 Factors of production are: capital

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Answer 1

Step-by-step explanation:

For the provided questions:

1. A close corporation typically has between **1 and 10 owners**, so the correct option is **B**.

2. When an owner deposits money in the bank to increase capital, the correct accounting equation is: **A. Assets +; Liabilities +; Owner's Equity +**.

3. Factors of production typically include not just capital, but also labor, land, and entrepreneurship. So, the correct answer is that **factors of production include capital, labor, land, and entrepreneurship**.