Tia and Sam are partners who solely own T and S Florist. As owners, they can:. a. claim the organization as their legal property.
b. can't sell the company.
c. claim only limited liability.
d. avoid taking any legal responsibility for T and S.
e. decide not to pay a dividend to their stockholders.

Which of the following characteristics are emphasized in the accounting for state and local government entities? i. revenues should be matched with expenditures to measure success or failure of the government entity. ii. there is an emphasis on expendability of resources to accomplish objectives. a. i only b. ii only c. i and ii d. neither i nor ii