Question 1. 1. A sole proprietorship has a perpetual existence.


Question Description:

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Question 1.1. A sole proprietorship has a perpetual existence. (Points : 1)

True
False

Question 2.2. For tax purposes a partnership and a corporation are treated in an identical manner. (Points : 1)

True
False

Question 3.3. When a corporation issues common stock the stock holders are not guaranteed dividends in the future. (Points : 1)

True
False

Question 4.4. If a firm wants to conduct business in multiple states then the firm cannot be a sole proprietorship. (Points : 1)

True
False

Question 5.5. A partner is allowed to contribute property that is still being paid for into the partnership. (Points : 1)

True
False

Answer

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