In a sole proprietorship, any debts the company incurs are:
A) taxed only if the owner has not taken a loan.
B) treated as the owner's personal income.
C) considered to be the owner's personal liabilities.
D) used to purchase preferred stocks of the company.
Correct Answer:
Verified
Q11: Francois is the sole owner of a
Q12: Albert is the owner of a car
Q13: Unlike a sole proprietorship, a corporation:
A) avoids
Q14: A sole proprietorship is a form of
Q15: A _ is a form of business
Q17: Which of the following statements is true
Q18: Ronnie is the owner of a pet
Q19: Clara and Sandra collaborate to open a
Q20: Samuel and Dexter start a logistics company
Q21: Which of the following is an issue
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents