A partnership agreement ________. A) exempts partners from ...

[TFauchery]

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

[Kimmy]

Answer to Question 1

C

Answer to Question 2

False

[TFauchery]

Thanks for the timely response, appreciate it

[bdobbins]

Gracias!