Which of the following is a reason to use a partnership as the legal form of a business? A. Partnerships avoid the difficulty of raising capital. B. Partnerships avoid the issue of mutual agency. C. Partnerships avoid the issue of double-taxation faced by corporations. D. Partnerships avoid the issue of unlimited liability.
Which of the following is a reason to use a partnership as the legal form of a business? A. Partnerships avoid the difficulty of raising capital. B. Partnerships avoid the issue of mutual agency. C. Partnerships avoid the issue of double-taxation faced by corporations. D. Partnerships avoid the issue of unlimited liability.
Chapter15: Partnership Accounting
Section: Chapter Questions
Problem 3MC: Which of the following is a disadvantage of the partnership form of organization? A. limited life B....
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Question
Which of the following is a reason to use a partnership as the legal form of a business?
A. |
Partnerships avoid the difficulty of raising capital. |
|
B. |
Partnerships avoid the issue of mutual agency. |
|
C. |
Partnerships avoid the issue of double- |
|
D. |
Partnerships avoid the issue of unlimited liability. |
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