Which of the following is not a disadvantage of forming a business as a partnership? a. Limited life of the organization. b. Unlimited liability for the owners c. Business is taxed like an individual. d. Difficulty in raising capital. e. Difficulty of transferring ownership. The accrual method of accounting recognizes revenue when___and recognizes expenses when___ a. cash is received; cash is paid b. they are earned, cash is paid c. cash is received; they are incurred d. they are earned; they are incurred