A partnership is an association of ________ who co-own a business for profit.
A) two persons
B) ten persons
C) 300 persons
D) two or more persons
Correct Answer:
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Q12: The resignation of a partner dissolves the
Q13: Partnerships have tax advantages over proprietorships.
Q14: A partnership balance sheet will show the
Q15: Mutual agency in a partnership means that
Q16: One of the disadvantages of a partnership
Q18: To make certain that each partner fully
Q19: For income tax purposes the income of
Q20: All of the following are items that
Q21: A limited partnership:
A) must have at least
Q22: List four of the characteristics of a
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