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blagie [28]
2 years ago
11

Question mode multiple choice question what is the type of business structure when two or more individuals agree to own and oper

ate a business together?
Business
1 answer:
babymother [125]2 years ago
5 0

A partnership is a type of business structure where two or more individuals agree to own and operate a business together.

A partnership can be defined as a formal arrangement between two or more parties. This formal arrangement is created to manage and operate a business and share its profits. There are several arrangements that can be made between the partners in order to share the profits and losses of the firm.

The other division of partnership can be on the basis of participation in the work of the firm. There may be some partners that only provide their name to the business firm called silent partners. So they will not be involved in the day-to-day operation of the business. Whenever there is an admission or removal or retirement of a partner the partnership needs to be dissolved.

Learn more about the partnership here:

brainly.com/question/25012970

#SPJ4

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Although there are advantages and disadvantages to home-based workers for both the employer and employee the disadvantages to em
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C. It decreases important social interaction between and among employees on a number of levels, resulting in a change in the social network and corporate culture.

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<em>Working from home</em> or freelancing has gained traction nowadays as it is a feasible way to transfer work to home, usually reducing costs and being more convenient for employees (mostly). However, working from home <u>neglects the aspect of socializing</u>, as it brings more alienation to the employee. Communication becomes mostly digital, and in-person contact is minimized.

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3 years ago
When using the indirect method to prepare the operating section of a statement of cash flows, which of the following is deducted
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Answer:

B

Explanation:

When using the indirect method to prepare the operating section of a statement of cash flows , the gain on sale of land will be deducted from the net income as it has already been included in the net income as the gain on the sales of the land , which was a non cash recognition in the course of the business.

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4 years ago
For each of the following transactions for , state whether the total effect of the transaction results in an increase, decrease,
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4 years ago
On May 1, Shilling Company sold merchandise in the amount of $5,800 to Anders, with credit terms of 2/10, n/30. The cost of the
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The journal entry that is to be recorded on May 1 is shown below:

Explanation:

May 1

The first entry to be posted:

Accounts Receivable A/c...................Dr     $5,800

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As the company made a sale, so the sale is credited and it made against the accounts receivable. Therefore, accounts receivable account is credited.

The second entry to be posted is as:

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