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Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik
Edition 10ISBN: 978-1260575910Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik
Edition 10ISBN: 978-1260575910 Exercise 43
Which of the following is not a reason for the popularity of partnerships as a legal form for businesses
a.Partnerships may be formed merely by an oral agreement.
b.Partnerships can more easily generate significant amounts of capital.
c.Partnerships avoid the double taxation of income that is found in corporations.
d.In some cases, losses may be used to offset gains for tax purposes.
a.Partnerships may be formed merely by an oral agreement.
b.Partnerships can more easily generate significant amounts of capital.
c.Partnerships avoid the double taxation of income that is found in corporations.
d.In some cases, losses may be used to offset gains for tax purposes.
Explanation
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Following is not a reason for the popula...
Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik
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