Which form of organization has both limited and unlimited liability?
A) Corporation
B) Limited partnership
C) Partnership
D) Sole proprietorship
Correct Answer:
Verified
Q30: Which of the following is not true
Q31: Partnership agreements:
A)result in equal distribution of profits
Q32: Liability is limited in all of the
Q33: Which of the following groups are the
Q34: When money is paid to an owner
Q36: An additional paid in capital account under
Q37: For accounting purposes, the most important section
Q38: The account that tracks the ownership interest
Q39: Which of the following statements about issuing
Q40: Profits in a sole proprietorship are:
A)tax preferred
B)subject
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