The owner's personal assets are kept separate from the business assets.

The profits for the business decrease in 2014.

The accounting records and reports are maintained separately and contain financial information related only to the business.

The owner opens a new business with the idea that it will be passed on to members of the family.

The period of time covered by an accounting report.

A business is expected to operate indefinitely.

A company's stockholders are waiting to receive their last dividend for the year.

A business exists independently of its owner’s personal holdings.

The business keeps going and going and going.

The business changes from a proprietorship to a limited corporation for longevity purposes.

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