A corporation is subject to less government restrictions than a partnership.
Correct Answer:
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Q15: A partnership is a relationship between people
Q16: A partnership must have a legal written
Q17: Mutual agency means that each partner acts
Q18: A partnership must make a profit.
Q19: Each partner is jointly and severally liable
Q21: Salaries to partners and interest on partner's
Q22: Partnership profit or loss must be divided
Q23: When accounts receivable are contributed to a
Q24: A bonus to the departing partner may
Q25: When profit is allocated in a 2:1
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