1. Which of the following characteristics of a sole proprietorship would be considered a disadvantage? Owner controls the business decisions. Losses are limited to owner's investment Easier to set up Fewer regulations

Losses are limited to owner's investment This remark suggests unlimited liability, even if it may…

Answered: 1. Which of the following…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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	Owner controls the business decisions.
	Losses are limited to owner's investment
	Easier to set up
	Fewer regulations