What identifies the investment of the sole proprietor in businesses that are not incorporated?Multiple choice question.owner's equitycurrent assetsretained earningsa liability account
Question
What identifies the investment of the sole proprietor in businesses that are not incorporated?Multiple choice question.owner's equitycurrent assetsretained earningsa liability account
Solution
The investment of the sole proprietor in businesses that are not incorporated is identified as "owner's equity". This is because in a sole proprietorship, the business is owned by one person who has full control over the business assets. These assets, minus any liabilities, are considered the owner's equity.
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