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Please there is nothing to clarify. Just do what is required. Thanks Choose at least two concepts from...

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Accounting

Please there is nothing to clarify. Just do what isrequired.
Thanks

Choose at least two concepts from the following:partnership, corporation, liquidation, bankruptcy 7, bankruptcy 11,reorganization, trust, estates, consolidation, parent company,subsidiary, and acquisition.

Required:
Explain how you may use them in your present or future accountingposition. Make sure you provide details to include how each conceptwill help you support the financial goals of the company youcurrently work for or will work for in the future.

Answer & Explanation Solved by verified expert
4.0 Ratings (682 Votes)
Thetwo concepts are partnership and corporation Partnership Partnership may be used in the present and future of the accouting position in the following ways Two or more persons forming a legal relationship for doing business jointly together or any one of them doing it on behalf of the remaining persons is said to be partnership Partnership enjoys a good accounting position compared to the status of    See Answer
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