Week 6 Quiz.docx - Question 1 3.5 out of 3.5 points No...

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Question 1 3.5 out of 3.5 points No formal steps are necessary to create a sole proprietorship. Question 23.5 out of 3.5 pointsWhen a partner leaves the partnership, whether it be voluntary or by expulsion, death or bankruptcy, itis called Question 3 3.5 out of 3.5 points The Federal Trade Commission requires franchisors to Question 43.5 out of 3.5 pointsDebra wanted to form a partnership with Lawrence. He agreed and they became co-owners in an equalpartnership. This year, after expenses, the partnership had a profit of $200,000. How will the taxation of this profit be handled?

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