Partnership income is considered personal for tax purposes.
Correct Answer:
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Q17: Sole proprietorships can be
A) sold.
B) inherited.
C) granted
Q18: A sole proprietorship is a business owned
Q19: A bankruptcy filing by a business requires
A)
Q20: Corporations
A) may be owned by one or
Q21: A corporation's life continues indefinitely.
Q24: Promoters are the same as the initial
Q25: Match the most appropriate term to the
Q26: Match the most appropriate term to the
Q27: Corporations can issue various levels of stock
Q213: Match each definition with the correct term
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