Select the Incorrect Statement from the Following

question 19

Multiple Choice

Select the incorrect statement from the following:

• A)The liability of shareholders to contribute to the debts of an insolvent company is limited
• B)A sole proprietorship is an accounting entity
• C)Individual partners are personally liable for partnership debts
• D)Partnerships are regarded as separate legal entities

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Definitions:

Fair Adjustment

An equitable modification or change made to correct or improve a situation, ensuring fairness to all parties involved.

Professional Tone

Refers to the formal or business-like language used in corporate or professional communication.

Indirect Approach

A communication strategy where the main point or message is not presented first but instead is built up to through explanations, background information, or related details.

Pelvic Cavity

The body cavity located within the pelvis, housing organs such as the bladder, reproductive organs, and rectum.