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kykrilka [37]
3 years ago
11

Which of the following is a characteristic of a partnership? a.The partners have limited liability. b.The partnership is subject

to federal income tax. c.The partnership has a limited life. d.The partnership distributes only net income to partners, but does not distribute net losses.
Business
1 answer:
Ulleksa [173]3 years ago
8 0

Answer:

The correct answer is letter "C": The partnership has a limited life.

Explanation:

A partnership is an organization with two or more members running a business. They share the profits in percentage terms in proportion to their partnership value. There are two types of partnerships: general partnerships (<em>unlimited liability</em>) and limited partnerships (<em>liability proportional to the contribution to the partnership</em>).

The partnership dissolves and a new partnership is created when one of the partners is removed, retired or deceased or even when a new partner is introduced. Thus, <em>partnerships have a limited life</em>.

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Answer: a. 10%

Explanation:

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Answer:

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Explanation:

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ch4aika [34]

Answer:

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8 0
3 years ago
Michael has been saving his money and wants to invest it. after doing some research, he has decided to invest $20,000 into a cer
ivolga24 [154]

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Substituting the values in the formula above we get,

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