Multiple Choice
Which of the following is a characteristic of a sole proprietorship?
A) Business owned by more than one person
B) Easy to form
C) Each stockholder acts as an owner of the company
D) Can continue indefinitely
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q11: Cash withdrawals by the owner increase both
Q12: The type of business organization that can
Q13: Owner investment is considered Revenue for the
Q14: Assets are equal to:<br>A) Liabilities + Owner's
Q15: Record the following transactions in the basic
Q17: An Expense should be recorded when:<br>A) the
Q18: Bonnie's Baskets purchases $3,000 worth of office
Q19: Strum Hardware has total Assets of $60,000.
Q20: Determine the beginning capital balance of a
Q21: Calculate the Total Liabilities if the company