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A reserve is what type of account? a. A liability b. An expense c. Equity d. Negative equity 7. One of the important advantages of

A reserve is what type of account?

a. A liability

b. An expense

c. Equity

d. Negative equity

7. One of the important advantages of a partnership over a sole proprietorship?

a. Pooling of resources.

b. Mutual agency.

c. Ease of transferring ownership.

d. Unlimited liability.

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