Multiple Choice
Inference of the existence of a general partnership can be drawn if profits are received and ________.
A) shared among the involved parties
B) payment of wages is distributed
C) held by only one party
D) debts are incurred
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q13: The dissolution of a general partnership discharges
Q14: A sole proprietor has limited personal liability.
Q15: The change in the relationship of partners
Q16: A general partnership cannot operate under the
Q17: The term indemnification refers to the right
Q19: The process of liquidating a partnership's assets
Q20: Which of the following is a major
Q21: In a sole proprietorship, the business is
Q22: Which of the following must be in
Q23: A trade name statement refers to a