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Author Question: A partnership agreement ________. A) exempts partners from unlimited liability B) establishes ... (Read 30 times)

TFauchery

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on: Jul 5, 2018
A partnership agreement ________.
 
  A) exempts partners from unlimited liability
  B) establishes the partnership as a separate legal entity
  C) details how much work partners will do and how they will split up the profits
  D) defines how many shares of stock the partnership may sell to investors

Question 2

A form of balance sheet that shows the liabilities and owner's equity sections below the assets section is called an account form of balance sheet.
 a. True
   b. False
   Indicate whether the statement is true or false


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Kimmy

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Reply #1 on: Jul 5, 2018
Answer to Question 1

C

Answer to Question 2

False


TFauchery

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Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

TheDev123

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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