Multiple Choice
One of the advantages of a partnership is:
A) limited liability.
B) the salaries of the partners can be written off as an expense.
C) ease of formation.
D) income tax is paid by the business.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q253: Taggart Company has a P/E ratio of
Q254: All of the following are a part
Q255: MacDowell Corp.has 100,000 shares outstanding with a
Q256: As of November 29,it appears that Notel
Q257: Match each term with the appropriate definition.Not
Q259: What does the par value of a
Q260: Treasury stock is a corporation's own stock
Q261: Galaxy Industries buys back 600,000 shares of
Q262: Which of the following statements about when
Q263: Flint Corporation's contributed capital totals $54,000,Retained Earnings