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Who Is The Owner Of Paul's Cabinets?

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Who Is The Owner Of Paul's Cabinets?
Quiz’s for Intro to financial management
Chapter 1 (Quiz 1) * Question 1
2 out of 2 points | | | A firm created as a separate and distinct legal entity that may be owned by one or more individuals or entities is called a:Answer | | | | | Correct Answer: | corporation. | | | | | * Question 2
2 out of 2 points | | | Paul is the owner of Paul's Cabinets, which is a sole proprietorship. The firm cannot pay its bills because a large customer defaulted on payment. Which one of the following statements is correct given this situation?Answer | | | | | Correct Answer: | Paul is personally liable for the entire debt of Paul's Cabinets. | | | | | * Question 3
2 out of 2 points | | | A
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