Multiple Choice
As compared to a company with a similar number of shareholder's as there are partners in the partnership, an advantage of a partnership is:
A) mutual agency.
B) unlimited liability.
C) limited contributions.
D) less government regulation.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q43: Hodges and Burton formed a partnership with
Q44: Steve, Chevy and Martin agree to share
Q45: When a partner makes an advance or
Q46: _is the characteristic of a partnership whereby
Q47: When preparing the closing entries for a
Q49: In a partnership, the profit and loss
Q50: Goodwill represents the future benefits of unidentifiable
Q51: Accounting for a partnership is similar to
Q52: With the fixed capital balances method (method
Q53: Which of the following are correct ways