In a sole proprietorship,______________ receive all of the profits. A banks B. owners C. partners D. investors Please select the best answe

Question

In a sole proprietorship,______________ receive all of the profits. A banks B. owners C. partners D. investors Please select the best answer from the choices provided O:A O:B О:С O:D​

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Helga 4 years 2021-07-30T16:19:00+00:00 1 Answers 9 views 0

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  1. Edana
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    2021-07-30T16:20:26+00:00
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    Answer:

    B. owners

    Step-by-step explanation:

    Sole proprietorship can be defined as a type of business that is typically owned by an individual or one person and as such is solely responsible for its debts.

    In a sole proprietorship, owners receive all of the profits because they own the business and do not share with any partner.

    Basically, a sole proprietorship business is a type of business that is owned by a single person and as such their profits are taxed once as personal income tax.

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