Identify Which of the Following Statements Is False

question 66

Multiple Choice

Identify which of the following statements is false.

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

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Definitions:

Property Rights

Rights to hold, utilize, and sell assets such as land, movable property, and ideas or creations of the mind.

Deforested

Refers to the removal or clearing of forests or trees from land which is then converted for non-forest use.

Present Value

The present value of an amount of money or series of cash inflows expected in the future, discounted at a given rate of return.

Benefits And Costs

The positive outcomes (benefits) and negative outcomes (costs) associated with a particular action or investment, often analyzed in decision-making.