Which of the following statements is FALSE about sole proprietorships?
A) They mix the assets of the company with the personal assets of the owner.
B) The owner receives some, but not all, of the profits.
C) The limitation of capital may constrain growth.
D) The owner makes all decisions.
Answer: B
Explanation: B) One advantage of a sole proprietorship is that the owner enjoys all the profits.
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Research suggests ______.
a. that both twins in a given set either gravitate to leadership positions, or both twins do not (later in life) b. that both twins in a given set more frequently gravitate to leadership positions than people who are not part of a set of twins c. that twins rarely assume leadership positions (later in life) d. nothing about twins and leadership
Wallace Repair Corporation incurred $1,500 as a labor expense and promised to pay the labor agency within 30 days. Which of the following will decrease as a result of this transaction?
A) Assets B) Stockholders' equity C) Liabilities D) Revenues
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A. 3.66 B. 9.37 C. 0.11 D. 0.27