Question
In which of the following given below, goodwill of a firm is affected by its monopoly condition that enables the concern to earn high profits.
In which of the following given below, goodwill of a firm is affected by its monopoly condition that enables the concern to earn high profits.
a.
Location
b.
Nature of business
c.
Market situation
d.
Degree of competition
_________________________________________________________________________________________________________________________-
Which of the partnership given in the image is jointly and severally liable to the business debts to the full extent of their property, having an unlimited liability.
a.
Limited liability partnership
b.
Limited partnership
c.
General Partnership
d.
Limited liability Company
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
