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Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275 Exercise 3
Daniel Blake and Craig Martineau are founding partners of their company, EcoScraps, LLC.
Assume that Daniel and Craig decide to expand their business with the help of general partners.
Required
1. What details should Daniel, Craig, and their future partners specify in the general partnership agreements
2. What advantages should Daniel, Craig, and their future partners be aware of with respect to organizing as a general partnership
3. What disadvantages should Daniel, Craig, and their future partners be aware of with respect to organizing as a general partnership
Assume that Daniel and Craig decide to expand their business with the help of general partners.
Required
1. What details should Daniel, Craig, and their future partners specify in the general partnership agreements
2. What advantages should Daniel, Craig, and their future partners be aware of with respect to organizing as a general partnership
3. What disadvantages should Daniel, Craig, and their future partners be aware of with respect to organizing as a general partnership
Explanation
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Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
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