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Which of the following statements regarding firm organization is NOT true? A. Sole proprietorships generally face fewer regulations than corporations. B. All income in a

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Which of the following statements regarding firm organization is NOT true? A. Sole proprietorships generally face fewer regulations than corporations. B. All income in a general partnership is taxed as personal income. C. It is usually easier to transfer ownership in a corporation than it is to transfer ownership in a sole proprietorship. D. Shareholders of corporations are double taxed on firm income every year

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