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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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