5/13/2020Weekly Quiz 1: Attempt review1/3Home/My Courses/ ACCT701-AP1-STACKED-37793-SUMMER2020/ Module 1: May 11 - May 17/ Weekly Quiz 1Question Correctindividual and often managed by that individual.1Mark 1.50 out of1.50Question Correctsuch as December 31, 2014.2Mark 1.50 out of1.50Question Correct3Mark 1.50 out of1.50Started onWednesday, May 13, 2020, 4:34 PMStateFinishedCompleted onWednesday, May 13, 2020, 4:52 PMTime taken18 mins 17 secsGrade13.50out of 15.00 (90%)(T / F) A single proprietorship (aka sole proprietorship) is an unincorporated business owned by anindividual and often managed by that individual.Select one:True FalseCorrect.The correct answer is 'True'.
(T / F) The income statement shows the profitability of the company and is dated as of a particular date,such as December 31, 2014.
