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Which one of the following statements concerning a sole proprietorship is correct The proprietorship pays taxes at the corporate tax rate. The legal costs to
Which one of the following statements concerning a sole proprietorship is correct
The proprietorship pays taxes at the corporate tax rate.
The legal costs to form a sole proprietorship are quite substantial.
The ability to raise capital is limited by the owner's personal wealth.
The company must pay income taxes separate from the taxes paid by the owner.
The ownership of the firm is easy to transfer to another individual.
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Financial Accounting Theory
Authors: William R. Scott
3rd Edition
0130655775, 9780130655776
