The form of business ownership that usually requires the most detailed record keeping is the: (Points : 3) Corporation. Partnership. Sole proprietorship. Limited partnership.

Final answer:

The form of business ownership that requires the most detailed record keeping is a Corporation. This is due to its complex structure involving shareholders, a board of directors, and corporate officers. Furthermore, they have numerous regulatory requirements that necessitate extensive record keeping.

Explanation:

The form of business ownership that usually requires the most detailed record keeping is the Corporation. The reason is that corporations have a more complex structure with shareholders, a board of directors, and corporate officers. Hence, they need to maintain detailed records of their transactions to ensure transparency and accountability.

Proprietorships and partnerships, although requiring record keeping and financial transparency, tend to be less rigorous compared to corporations, especially because such businesses have fewer complexities in their structures.

In a Corporation, numerous regulatory requirements necessitate extensive record keeping, including records of board minutes, shareholders meetings, stocks issuance, and more. These records are legal requirements and must be kept diligently.

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