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  3. Study Set
    Accounting Principles
  4. Exam
    Exam 12: Accounting for Partnerships
  5. Question
    A Major Disadvantage of the Partnership Form of Organization Is
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A Major Disadvantage of the Partnership Form of Organization Is

Question 161

Question 161

Short Answer

A major disadvantage of the partnership form of organization is ______________ which makes each partner personally and individually liable for all partnership liabilities.

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