Distinguish between corporations and sole proprietorships in terms of the following characteristics: a. Owners liability for debts

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Distinguish between corporations and sole proprietorships in terms of the following characteristics:
a. Owners’ liability for debts of the business.
b. Transferability of ownership interest.
c. Continuity of existence.
d. Federal taxation on income.

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Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078111044

16th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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