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Which one of the following statements concerning a sole proprietorship is NOT TRUE? * a.No...

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Accounting

Which one of the following statements concerning a sole proprietorship is NOT TRUE? *

a.No separation between ownership and management.

b.Lack of legal formalities

c.All profit or losses to the proprietor

d.Easy to raise more capital

Which one of the following is not a characteristic of a company? *

a.Profit will be paid to the owners in form of dividends.

b.None of the above

c.A companys life depends upon the existence of its founder.

d.A company is managed through a board of directors elected by its shareholders

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