Which of the following statements is true of a sole​ proprietorship?     A. A sole proprietorship has to pay business income taxes.   B. A sole proprietorship joins two or more individuals as co−owners.   C. The sole proprietor is personally liable for the liabilities of the business.   D. A sole proprietorship is taxed separately from the owner.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Which of the following statements is true of a sole​ proprietorship?
 
 
A.
A sole proprietorship has to pay business income taxes.
 
B.
A sole proprietorship joins two or more individuals as
co−owners.
 
C.
The sole proprietor is personally liable for the liabilities of the business.
 
D.
A sole proprietorship is taxed separately from the owner.
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