8. If the business has the partnership agreement, the profit for a partnership must be distributed:

Select one:

a.Equally among the partners.

b.According to the capital contributions of each partner.

c.According to the partnership agreement.

d.According to the workload contribution of each partner.

9. A company must be registered with which regulatory authority?

Select one:

a.Australian Securities Exchange.

b.Corporations Act.

c.Australian Securities and Investments Commission.

d.CPA Australia.

10. A disadvantage of a trust is:

Select one:

a.A complex legal structure.

b.Difficult and expensive to set up.

c.Tax minimisation.

d.Minimal government regulation.

11. Dividends paid to shareholders:

Select one:

a.Increase expenses.

b.Increase assets.

c.Decrease income.

d.Decrease retained earnings.