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Which of the following statements is CORRECT? (Points : 6) One of the disadvantages of a sole proprietorship is that the proprietor is exposed to
Which of the following statements is CORRECT? (Points : 6) One of the disadvantages of a sole proprietorship is that the proprietor is exposed to unlimited liability. It is generally easier to transfer ones 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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