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Question 4 of 12 View Policies Current Attempt in Progress Borrowing money is an example of a(n) O operating activity O inves
Question 3 of 12 View Policies Current Attempt in Progress All of the following are advantages for choosing a proprietorship
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Answer #1

Borrowing money is an example of financing activity.

Borrowings are classified as inflows from financing activities.

transfer of ownership is easily achieved through stock sales

It is not easy to transfer ownership in sole proprietorship by just selling stock.

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