Series 6 - Investment Company And Variable Contracts Products Representative Exam
All of the following statements about a sole proprietorship are true EXCEPT:
All income or loss is that of the individual.A
All of the owner's assets are liable for the debts of the business.B
This account is easy to open and easy to dissolve.C
All of the gains and losses are taxed to the business.D
All of the gains and losses are taxed to the individual in a sole proprietorship, not to the business.