Multiple Choice
A ________ is a form of business organization that combines the advantages of both a partnership and a corporation.
A) limited liability company
B) limited liability partnership
C) C Corporation
D) general partnership
Correct Answer:
Verified
Correct Answer:
Verified
Q48: Which of the following is specified in
Q49: When a partner dies,the partnership ceases to
Q50: The balance sheet of Ryan,James and
Q51: The balance sheet of Incrad Clothes,LLC,as
Q52: Mary,Ann,and Beth are partners.Their capital balances are,$23,000;
Q54: Kenny and Jeff form a partnership.During the
Q55: Upon liquidation of a partnership,gains and losses
Q56: Before the start of the liquidation process,the
Q57: Andre,Beau,and Caroline share profits and losses of
Q58: In a general partnership,each partner has limited