FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following is not a disadvantage of partnership: unlimited liability unlimited life of the enterprise difficulty in raising cash difficulty of transferring ownership

  1. Which of the following is not a disadvantage of partnership:

    unlimited liability

    unlimited life of the enterprise

    difficulty in raising cash

    difficulty of transferring ownership

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Financial Reporting And Analysis

International Financial Reporting And Analysis

Authors: David Alexander, Ann Jorissen, Martin Hoogendoorn

8th Edition

978-1473766853, 1473766850

Students also viewed these Finance questions

Question

★★★★★
A Dimethyl butynedioate undergoes a Diels?Alder reaction with (ZE, 4E)-hexadiene. Show the structure and stereochemistry of the product. CH-3 Dimethyl butynedioate

Answered: 1 week ago

Question

★★★★★
The financial statements of Eastern Platinum Limited (Eastplats) are presented in Appendix A at the end of this book. They contain the following selected accounts: Trade and other...

Answered: 1 week ago

Question

★★★★★
Assess survey approaches, specifically in how they address issues of gender, disabilities, racial/ethnic minorities, and children.

Answered: 1 week ago

Question

★★★★★
Abe Factor opened a new accounting practice called X-factor Accounting and completed these activities during March 2014: Mar 1 Invested $50,000 in cash and office equipment that had a fair value of...

Answered: 1 week ago

Question

★★★★★
Kellys jewelry sells silver bracelets and diamond necklaces. It reported the following information for the fiscal year ending January 2013. Total Sales $1,250,000 Variable Expenses 550,000...

Answered: 1 week ago

Question

★★★★★
You are the CFO of the corporation, and you have three alternative projects A B C 0 -200 -250 -440 1 110 150 125 2 115 150 375 Assume that the discount rate is a 9%. a) What is the NPV of each...

Answered: 1 week ago

Question

★★★★★
Exercise 2-7 (Algo) Analyzing account entries and balances LO A1 Use the information in each of the following separate cases to calculate the unknown amount. a. Corentine Company had $170,000 of...

Answered: 1 week ago

Question

★★★★★
Coastal Wineries is a private company looking to seek additional financing for expansion. They have hired your accounting firm for a review engagement. A full audit is not required for the lender....

Answered: 1 week ago

Question

★★★★★
You recently started your new job as a food service worker for a large high school. This week, the ovens and ranges are scheduled for a deep cleaning, but the supervisor who's been training you is...

Answered: 1 week ago

Question

★★★★★
Research a famous physicist and prepare a short biography to share in your portfolio. You can choose to create a short video, a poster, an infographic, a slideshow or other approved applications to...

Answered: 1 week ago

Question

★★★★★
Illustration 11 Mr. PQ has a small trading business for which the following procedures are followed: (1) All collections are deposited with the bank each day. (2) (3) All payments except petty...

Answered: 1 week ago

Question

★★★★★
=+Let the idea drive the media, not the media drive the idea. It's purifying. What are you trying to say? What can this campaign do to get attention? Rather than what kind of ad can I do for Domino's?

Answered: 1 week ago

Question

★★★★★
=+1. Craig Miller, creative director at Crispin, Porter + Bogusky: We used to know what it was going to be: TV, radio, and so on, now I have no idea what it's going to be. It's back to the core idea.

Answered: 1 week ago

Question

★★★★★
2 What difference in attitude towards employees might be denoted by one professional adopting the title personnel manager and another the title human resource manager?

Answered: 1 week ago

Previous Question Next Question