FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

12 Which of these is a disadvantage of a partnership compared to a sole trader ? More expensive to set up b Limited life F

image text in transcribed
image text in transcribed
12 Which of these is a disadvantage of a partnership compared to a sole trader ? More expensive to set up b Limited life F unlimited liability Mutual agency

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting A Business Process Approach

Financial Accounting A Business Process Approach

Authors: Jane L Reimers

2nd Edition

131473867, 978-0131473867

More Books

Students also viewed these Accounting questions

Question

★★★★★
A randomized block experiment produced the following statistics: k = 5 b = 12 SST = 1,500 SSB = 1,000 SS(Total) = 3,500 a. Test to determine whether the treatment means differ. (Use = .01.) b. Test...

Answered: 1 week ago

Question

★★★★★
I:9-18 Explain how a taxable gain on property can be realized because of a casualty event such as a fire or theft. How are these gains treated?

Answered: 1 week ago

Question

★★★★★
What are some of the distinguishing features of third-force psychology?

Answered: 1 week ago

Question

★★★★★
Doctors Mobey, Oak, and Chesterfield have been in a group practice for several years. Mobey and Oak are family practice physicians, and Chesterfield is a general surgeon. Chesterfield receives many...

Answered: 1 week ago

Question

★★★★★
Calculating 'cash flows over the life' Arnotts Corporation (ARN) is considering whether to replace its old biscuit making machine with a new one that costs $320,000 immediately. Assume the company...

Answered: 1 week ago

Question

★★★★★
Balfour Corporation acquired 100% of Tobac Inc., a foreign corporation, for 33,000,000 FC. The acquisition, which was accounted for as a purchase, occurred on July 1, 20X5, when Tobacs equity, in FC,...

Answered: 1 week ago

Question

★★★★★
Vancouver manufacturing Ltd. manufactures a variety of high quality electronic components. Data from the last three months are presented below: July August September Direct materials partial...

Answered: 1 week ago

Question

★★★★★
2. What is the meaning and definition of Banking?

Answered: 1 week ago

Question

★★★★★
3.What are the Importance / Role of Bank in Business?

Answered: 1 week ago

Question

★★★★★
Current Attempt in Progress On January 1, 2022. Sandhill Corporation acquired machinery for $1680000. Sandhill adopted the straight-line method of depreciation for this machine and had been recording...

Answered: 1 week ago

Question

★★★★★
In the popular media, some authors have written that behavior modification is ineffective because it just teaches people (children and adults) to perform behaviors for rewards or that, because only...

Answered: 1 week ago

Question

★★★★★
Donna owns a macaron store and makes all her macarons in-house. Business is particularly heavy during the "wedding season" of June and July. Donna signed a contract with Sweet-Ums Inc. to buy 2,000...

Answered: 1 week ago

Question

★★★★★
The number of new ideas that emerge

Answered: 1 week ago

Question

★★★★★
7. Develop a circular model, with positive and negative feedback loops, showing the following critical variables:

Answered: 1 week ago

Question

★★★★★
Technology

Answered: 1 week ago

Previous Question Next Question