Question: 1.Explain the following terms . (1 mark each): General partnership Limited partnership Dissolution 2.Explain the two methods in which a new partner may be admitted?

1.Explain the following terms . (1 mark each):

General partnership

Limited partnership

Dissolution

2.Explain the two methods in which a new partner may be admitted? (2 marks)

3.What is the reason for stock split from the corporation's perspective? Explain at least 2 reasons. (/2 marks)

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