Two students agree to start a business on the Internet and agree to share their profits. They do not have any sort of business relationship documented in writing. Therefore, Group of answer choices they are treated as limited partners. they are treated as shareholders in a corporation they are treated as sole proprietors. they are treated as general partners.

Salaries are $4,500 per week for five working days and are paid weekly at the end of the day fridays. the end of the month falls on a thursday. the accountant for dayton company made the appropriate accrual adjustment and posted it to the ledger. the balance of salaries payable, as shown on the adjusted trial balance, will be a (assume that there was no beginning balance in the salaries payable account.)