Question: True or False . Explain your answer in detail a.One of the advatages of the partnership form of business organization is limitted liabilities. b.The Statement

True or False . Explain your answer in detail

a.One of the advatages of the partnership form of business organization is limitted liabilities.

b.The Statement of Financial Position is a oneday snapshot of the market value of the firms assets and liabilities and shareholders equity at a given point in time.

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