A reserve is what type of account? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a A liability b An expense C Equity d Negative equity Unanswered Save Q7 One of the important advantages of a partnership over a sole proprietorship? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. Pooling of resources. b Mutual agency, C Ease of transferring ownership, Unlimited liability DOW We Q8 Mutual agency means: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a unlimited liability for partnership debts. b sharing partnership resources. that each partner is an agent for the partnership and can bind the other partners when acting within the normal scope of business. d consigning goods to other entities on a commission basis to increase sales
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