Author Question: Which of the following is true about a sole proprietorship? A) A sole proprietorship is a company ... (Read 144 times)

RODY.ELKHALIL · **on:** Jul 5, 2018

Which of the following is true about a sole proprietorship?

A) A sole proprietorship is a company owned by two or more individuals.
B) The owner's liability is limited to the amounts invested in the business.
C) Income from a sole proprietorship is distributed to the owner in the form of a dividend.
D) The income from a sole proprietorship is taxed on the owner's personal income tax return.

Question 2

A(n) ____ of an entity is one specific thing of the type defined by the entity.
a. agent
b. composite attribute
c. attribute
d. instance