Series 6 - Investment Company And Variable Contracts Products Representative Exam

Training Mode

Unit 1 Unit 2 Unit 3 Unit 4

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