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Having to Enter Facts About Two Entities When We Want

question 51

Multiple Choice

Having to enter facts about two entities when we want to enter facts about only one is an example of ________.


Definitions:

Taxed

Subjected to a financial charge or levy imposed by a government on income, transactions, or property.

Partnership

A partnership is a legal form of business operation between two or more individuals who share management and profits.

Proprietorship

Proprietorship, also known as sole proprietorship, is a business owned and operated by a single individual, where the owner and the business are legally treated as the same.

Taxed

Describes funds or goods that are subjected to taxation by governmental authorities.

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