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Question 8 (1 point) The partnership form of business organization is a separate legal entity. is a common form of organization for service-type businesses. enjoys

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Question 8 (1 point) The partnership form of business organization is a separate legal entity. is a common form of organization for service-type businesses. enjoys an unlimited life. has limited liability. Mofro's Computer Repair Shop started the year with total assets of $270,000 and total liabilities of $180,000. During the year, the business recorded $450,000 in computer repair revenues, $270,000 in expenses, and Mofro paid dividends of $45,000. The net income reported by Mofro's Computer Repair Shop for the year was $90,000. $135,000. $180,000. $225,000. Mofro's Computer Repair Shop started the year with total assets of $270,000 and total liabilities of $180,000. During the year, the business recorded $450,000 in computer repair revenues, $270,000 in expenses, and Mofro paid dividends of $45,000. Mofro's stockholders' equity changed by what amount from the beginning of the year to the end of the year? Misra Company compiled the following financial information as of December 31 , 2013: Misra's assets on December 31, 2013 are $90,000. $125,000. $180,000. $245,000

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