Which of the Following Is TRUE for a Proprietorship

question 30

Multiple Choice

Which of the following is TRUE for a proprietorship?

• A) A proprietorship joins two or more individuals as co-owners.
• B) The proprietor is not personally liable for the debts of the proprietorship.
• C) A proprietorship has a single owner.
• D) A proprietorship has an indefinite life.

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Definitions:

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