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$15,200 200 1,000 550 960 Exercise 1-1 Indicate in the space by letter whether each statement below applies to a sole proprietorship (S), partnership (P),

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$15,200 200 1,000 550 960 Exercise 1-1 Indicate in the space by letter whether each statement below applies to a sole proprietorship (S), partnership (P), or corporation (C). More than one answer may be appropriate. P a. Simple to establish P b. Shared control. c. Easy to transfer ownership. d. No personal liability. p e. Tax advantage f. Easier to raise funds

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