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  3. indicate whether each of the following statements

Indicate whether each of the following statements is true or false. \table[[a) Double taxation...

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Accounting

Indicate whether each of the following statements is true or false.
\table[[a) Double taxation refers to the fact that both a partnership and its partners must pay income tax,],[on the earnings of the partnership.,],[b) A sole proprietorship is an accounting entity separate from its owner.,],[c) Limited liability is a benefit to both corporations and partnerships, but not to sole,],[proprietorships.,],[d) Unlike a partnership, a corporation is not terminated when a major stockholder withdraws his,],[or her investment.,],[\table[[e) Sole proprietorships are, generally, subject to fewer governmental regulations than],[corporations.]],]]
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