1. Which of the following statements is true? A. An advantage of a partnership is limited...
1. Which of the following statements is true?
A. An advantage of a partnership is limited life.
B. An advantage to a partnership is unlimited liability.
C. A disadvantage of a partnership is that it is difficult to transfer ownership.
D. A disadvantage to a partnership is double taxation.
2. Which of the following statements is true?
A. A disadvantage of a corporation is limited liability.
B. An advantage of a corporation is double taxation.
C. An advantage of a corporation is that it is easy to transfer ownership.
D. A disadvantage of a corporation is unlimited life.
Homework Answers
1.
C. A disadvantage of a partnership is that it is difficult to transfer ownership.
2.
C. An advantage of a corporation is that it is easy to transfer ownership.
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