Which one of the following characteristics applies to both a sole proprietor and a general partnership, but

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Which one of the following characteristics applies to both a sole proprietor and a general partnership, but not a corporation?

A) Continuous life.

B) A separate legal entity.

C) Unlimited liability.

D) Limited liability.

E) None of the above.

Related Book For answer-question

Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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Posted Date: Jul 06, 2018 09:28 AM

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Which one of the following characteristics applies to both a sole proprietor and a general partnership, but

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Accounting concepts and applications

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