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For your fourth assignment we will be covering the Partnership chapter. Partnerships are very similar to...

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Accounting

For your fourth assignment we will be covering the Partnershipchapter. Partnerships are very similar to sole proprietorships inmany ways but it adds the old mantra of "two heads are better thanone" to the mix. After reading the chapter please complete thefollowing questions.

1. What are some examples of industries that the businessentities still commonly setup in the partnership business form?

2. Why would a group of people organize their business as apartnership?

3. What is the difference between the entity theory andaggregate theory of partnerships?

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1 What are some examples of industries that the business entities still commonly setup in the partnership business form Ans Partnership is very simple form of business to operate However in partnership form the partners are liable for business debts Some industries where still    See Answer
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