Which one of the following characteristics applies to both a sole proprietor and a general partnership, but
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Question:
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
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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