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    Accounting Study Set 3
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    Exam 15: Partnerships: Formation, Operation and Reporting
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    As Compared to a Company with a Similar Number of Shareholder's
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As Compared to a Company with a Similar Number of Shareholder's

Question 56

Question 56

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) unlimited liability.
B) mutual agency.
C) pooling of resources.
D) less government regulation.

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