Create an account
Which of the following is an advantage of a partnership when compared to a corporation?
The partnership is relatively inexpensive to organize
The characteristic of a partnership that gives the authority to any partner to legally bind the partnership and all other partners to business contracts is called
fair market value at the time of the contribution
When a partnership is formed, assets contributed by the partners should be recorded on the partnership books at their
The state charter allows a corporation to issue only a certain number of shares of each class of stock. This amount of stock is called
The term deficit is used to refer to a debit balance in which of the following accounts of a corporation?
Please allow access to your computer’s microphone to use Voice Recording.
Having trouble? Click here for help.
We can’t access your microphone!
Click the icon above to update your browser permissions and try again
Reload the page to try again!Reload
Press Cmd-0 to reset your zoom
Press Ctrl-0 to reset your zoom
It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.
Please upgrade Flash or install Chrome
to use Voice Recording.
For more help, see our troubleshooting page.
Your microphone is muted
For help fixing this issue, see this FAQ.
Star this term
You can study starred terms together