Which of the Following Is True About a Sole Proprietorship

question 202

Multiple Choice

Which of the following is true about a sole proprietorship?

• A)A sole proprietorship is a company owned by two or more individuals.
• B)The owner's liability is limited to the amounts invested in the business.
• C)Income from a sole proprietorship is distributed to the owner in the form of a dividend.
• D)The income from a sole proprietorship is taxed on the owner's personal income tax return.

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