[Solution]Which of the following statements about firms isfalse

Which of the following statements about firms isfalse?a)All firms must pay corporation tax on their profits.b)Both sole proprietorships and partnerships have unlimited liability.c)All companies have…

Which of the following statements about firms isfalse?a)All firms must pay corporation tax on their profits.b)Both sole proprietorships and partnerships have unlimited liability.c)All companies have limited liability.d) Internal finance arises when a company finances new assets by using past profits.

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