Which of the following is acharacteristic of most partnerships?A. Limited liabilityO B. Mutual contributionO C. Unlimited lifeO D. Division of profits only

Some partnership can have limited liability. Almost every partnership have mutual contribution of…

Answered: Which of the following is a…

Which of the following is a characteristic of most partnerships? O A. Limited liability B. Mutual contribution C. Unlimited life O D. Division of profits only

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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Which of the following is a
characteristic of most partnerships?
A. Limited liability
O B. Mutual contribution
O C. Unlimited life
O D. Division of profits only

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