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    Essentials of Entrepreneurship
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    Exam 6: Forms of Business Ownership
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    All the Profits of a Sole Proprietorship Are Taxed as Current
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All the Profits of a Sole Proprietorship Are Taxed as Current

Question 23

Question 23

True/False

All the profits of a sole proprietorship are taxed as current income of the owner even if they are not withdrawn from the business.

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