Good friends, Bernie and Latasha, both studied accounting in college. Recently, they decided to work together as coowners of a small accounting firm. This is an example of a(n) _____.
A) sole proprietorship
B) partnership
C) limited liability corporation
D) affiliate

Question

Good friends, Bernie and Latasha, both studied accounting in college. Recently, they decided to work together as co­owners of a small accounting firm. This is an example of a(n) _____.
A) sole proprietorship
B) partnership
C) limited liability corporation
D) affiliate

Quizplus · Accepted Answer

Bernie and Latasha are working together as co-owners, indicating a partnership.

Good Friends, Bernie and Latasha, Both Studied Accounting in College