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Ken and his brothers own a construction business. Ken runs out of funds to complete a renovation job he started and needs help. In this situation the main benefit of being in a partnership is: O partners may have share liability O partners may have the power to end the partnership if a partner exits. O partners may provide an ongoing source of funds. O partners share control between them

Ken and his brothers own a construction business. Ken runs out of funds to complete a renovation job he started and needs help. In this situation the main benefit of being in a partnership is: O partners may have share liability O partners may have the power to end the partnership if a partner exits. O partners may provide an ongoing source of funds. O partners share control between them

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ken and his brothers own a construction business. Ken runs out of funds to complete a renovation job he started and needs help. In this situation the main benefit of being in a partnership is: O partners may have share liability O partners may have the power to end the partnership if a partner exits. O partners may provide an ongoing source of funds. O partners share control between them
Transcribed Image Text:Ken and his brothers own a construction business. Ken runs out of funds to complete a renovation job he started and needs help. In this situation the main benefit of being in a partnership is: O partners may have share liability O partners may have the power to end the partnership if a partner exits. O partners may provide an ongoing source of funds. O partners share control between them
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