The characteristics of a partnership include the following: (a) Association of individuals, (b) Limited life, and (c)
Question:
The characteristics of a partnership include the following:
(a) Association of individuals,
(b) Limited life, and
(c) Co-ownership of property.
Explain each of these terms.
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a Association of individuals A partnership is a voluntary association of two or more individuals t...View the full answer
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Related Book For
Accounting Principles Volume 2
ISBN: 9781119786634
9th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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