Test1StudyGuide.3

Test1StudyGuide.3 - Question 1 The advantages of the...

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Question 1 The advantages of the corporate form of business organization do NOT include3  continuous lives limited liability greater governmental regulation ability to raise large amounts of capital Question 2 Tammy Faye invested $2,000 in a partnership. One year later, the partnership was  sold, and cash from the sale was distributed to the partners. On that date, Tammy  received a check for her share of the company in the amount of $2,250. What was  Tammy's return on investment.1 $250 $0 $2,000 $2,250 Question 3 Accounting information is used when2 none of these Both selling to specific customers AND buying from specific suppliers buying from specific suppliers selling to specific customers Question 4 Mutual agency is a concept that applies to3  the shareholders of a corporation none of these the partners in a partnership the partners in a partnership AND the shareholders of a corporation
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This note was uploaded on 04/16/2008 for the course AC 210 taught by Professor All during the Summer '08 term at Alabama.

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Test1StudyGuide.3 - Question 1 The advantages of the...

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