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    Business
  3. Study Set
    Contemporary Accounting
  4. Exam
    Exam 9: Liabilities and Sources of Financing
  5. Question
    An Entity That Can Only Raise Equity Finance Through a Single
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An Entity That Can Only Raise Equity Finance Through a Single

Question 35

Question 35

True/False

An entity that can only raise equity finance through a single owner's contributions and retained profits is a sole proprietorship.

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