Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Miss Fatima and Miss Ream are good friends and they are planning to start a beauty parlor business in IBRI. Each brought OMR 2,000 and
Miss Fatima and Miss Ream are good friends and they are planning to start a beauty parlor business in IBRI. Each brought OMR 2,000 and wrote an agreement to share profits and losses equally. Now they need more capital for this expansion. So, they invited Miss Khalud to invest additional OMR 2,000 as her share of capital. Which form of business does this beauty parlor business belongs to? O a. None of the option O b. Sole proprietorship O c. Corporation O d. Partnership
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started