A sole proprietorship has a perpetual existence. (Points : 1) True FalseA partner is allowed to contribute property that is still being paid for into the partnership True False If a firm wants to conduct business in multiple states then the firm cannot be a sole proprietorship True FalsWhen a corporation issues common stock the stock holders are not guaranteed dividends in the future True FalseFor tax purposes a partnership and a corporation are treated in an identical manner. True False
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