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Which of the following statements is CORRECT? One of the disadvantages of a sole proprietorship is that the proprietor is exposed to unlimited liability. It
Which of the following statements is CORRECT?
One of the disadvantages of a sole proprietorship is that the proprietor is exposed to unlimited liability. | |
It is generally easier to transfer one's ownership interest in a partnership than in a corporation. | |
One of the advantages of the corporate form of organization is that it avoids double taxation. | |
One of the advantages of a corporation from a social standpoint is that every stockholder has equal voting rights, i.e., "one person, one vote." | |
Corporations of all types are subject to the corporate income tax. |
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