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slamgirl [31]
3 years ago
10

"You get in a conversation with a man in the reception room at your doctor's office. He tells you he is establishing a barbersho

p business and has a business partner who shares in all decision making. The business has been fairly easy to set up, he has limited liability for the company and will only be taxed once on company profits. What kind of business has your new acquaintance described to you?
Business
1 answer:
aleksklad [387]3 years ago
7 0

Answer:

The answer is Limited liability partnership (LLP)

Explanation:

A LLP is a form of partnership where the majority of all partners have limited liabilities. A LLP possesses the characteristics of both a corporation and a partnership. Each partner in a LLP is not liable for negligence or misconduct of another partner. In the event of business failure, the personal properties of partners in a LLP are protected against legal action. Moreover, taxation of partners’ earnings in a LLP is done only once, that is, on the firm’s profit.  

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Dyan, the owner of expert restoration services, inc., adheres to the "principle of rights" theory. under this theory, a key fact
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AK Inc. is paying 5% coupon rate for its bondholders over the next 8 years. Your required rate of return is 7 percent, how much
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6 0
3 years ago
Jones Company uses the weighted-average method in its process costing system. The Finishing Department started the month with 40
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Answer:

Units Completed and Transferred: 2,700

Explanation:

Units Completed and Transferred: Beginning Units in Process + Units Received -  Ending Units in Process

Beginning Units in Process:                400

Units Received:                                 2,500

<u>Ending Units in Process:                     (200)</u>

Units Completed and Transferred:  2,700

6 0
3 years ago
A-Z Construction Company was organized on May 1 of the current year. On May 2, A-Z Construction prepaid $18,480 to the city for
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Answer:

Explanation:

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        To Prepaid Taxes                      $12,320

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Taxes expense A/c Dr $45,000

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The eight months is calculated from May 1  to December 31

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2 years ago
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