An organization that has two or more owners who are legally responsible for the debts and taxes

Question:

An organization that has two or more owners who are legally responsible for the debts and taxes of the business is a:
a. Social entity.
b. Partnership.
c. Sole proprietorship.
d. Corporation.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

College Accounting A Contemporary Approach

ISBN: 9781260780352

5th Edition

Authors: David Haddock, John Price, Michael Farina

Question Posted: