Identify Which of the Following Statements Is False

question 116

Multiple Choice

Identify which of the following statements is false.

• A) A sole proprietor is considered to be an employee of the business.
• B) A sole proprietorship is a separate taxable entity.
• C) A solely owned corporation is a sole proprietorship.
• D) All of the above are false.

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Definitions:

Refuse To Honor

The act of not accepting, acknowledging, or fulfilling an agreement, request, or instruction.

Enough Money

Implies having sufficient funds to meet needs, obligations, or desired goals without financial strain.

Sue

The act of bringing a legal action against an individual or entity to seek redress or enforcement of rights.

Check

A draft drawn on a bank and payable on demand.