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Question 44 Which of the following is true regarding a sole proprietor's recordkeeping requirements? A sole proprietor's recordkeeping system must: A) Be stored electronically. B)
Question 44
Which of the following is true regarding a sole proprietor's recordkeeping requirements? A sole proprietor's recordkeeping system must:
A) Be stored electronically.
B) Use the double-entry bookkeeping method.
C) Clearly reflect income and expenses.
D) Use the cash method of accounting.
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