All Profit Earned by a Sole Proprietorship Belongs to the Owner

question 17

True/False

All profit earned by a sole proprietorship belongs to the owner and affects his/her tax liability.

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PDF

Portable Document Format, a file format used to present documents in a manner independent of application software, hardware, and operating systems.

XPS

XML Paper Specification (XPS) is a specification for a page description language and a fixed-document format developed by Microsoft, intended to be an alternative to PDF.

Insertion Point

The location in a document or a field where new text or data will be entered.

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