Which of the Following Statements Is TRUE for a Proprietorship

question 122

Multiple Choice

Which of the following statements is TRUE for a proprietorship?

• A)Legally,a proprietorship is separate from the proprietor.
• B)For accounting purposes,a proprietorship is separate from the proprietor.
• C)For accounting purposes,a proprietorship is not separate from the proprietor.
• D)A and B

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Definitions:

Crowdsourcing

The practice of obtaining information, ideas, or content by enlisting the services of a large number of people, typically from an online community.

In-House Expertise

The specialized knowledge and skills possessed by employees within an organization, not outsourced or brought in from external sources.

Big Data

Vast datasets that, when processed computationally, unveil patterns, trends, and connections, particularly in relation to human behavior and interactions.

Digital Sources

Information or data that can be accessed in digital format, often through the internet, including websites, e-books, and online databases.