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When is revenue generally recognized?
Proprietorships
A type of business entity that is owned and operated by a single individual, without any legal distinction between the owner and the business.
Sole Proprietor
An individual who owns and operates a business alone, bearing unlimited liability for the business's debts and obligations.
Ease Of Formation
The relative simplicity or complexity involved in establishing a new company or business entity.
Treasury Department
A government's division responsible for managing its finances, including producing currency, collecting taxes, and managing the national debt.
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