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bixtya [17]
3 years ago
14

Performed services for 27600 on account

Business
1 answer:
choli [55]3 years ago
7 0
?? What does this mean
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xavier and shawn are co-owners of a party-planning business. they split all of the profits 50-50 and are able to make decisions that are binding on both parties. General partnership

<h3>What is partnership?</h3>

A formal agreement between two or more parties to run a business, share earnings, and manage it is known as a partnership.

Partnership agreements can take many different forms. Particularly in a partnership business, all partners equally share obligations and rewards, although in other businesses, partners may have limited accountability. The so-called "silent partner" is another option, in which one party does not participate in the day-to-day management of the company.

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All partners in a general partnership are equally responsible for the business's assets and liabilities.

To learn more about partnership from the given link:

brainly.com/question/25623677

#SPJ4

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