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(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.
7/14/2019Weekly Quiz 12/3Question4CorrectMark 1.00 outof 1.00Question5CorrectMark 1.00 outof 1.00Question6CorrectMark 1.00 outof 1.00Question7CorrectMark 1.00 outof 1.00Question8CorrectMark 1.00 outof 1.00(T / F) The income statement shows the profitability of the company and is dated as of a particular date,such as December 31, 2014.(T / F) Retained earnings represent undistributed net income.