Which of the Following Statements Regarding Sole Proprietorships Is False

Which of the following statements regarding sole proprietorships is false?

A) A sole proprietorship has no legal identity separate from that of its owner.
B) Sole proprietorships are the most common form of business entity in the U.S.
C) The cash flow generated by a sole proprietorship belongs to the owner.
D) The assets and liabilities of a sole proprietorship are held in the name of the business, not the owner.

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