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    Financial Accounting A User Perspective
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    Exam 11: Shareholders Equity
  5. Question
    Profits in a Sole Proprietorship Are
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Profits in a Sole Proprietorship Are

Question 49

Question 49

Multiple Choice

Profits in a sole proprietorship are:


A) tax preferred
B) subject to double taxation
C) fully taxable
D) tax exempt - only owner draws are taxed

Correct Answer:

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