The concept of an "artificial being" refers to which form of business organization? a. Partnership *

Q: Explain the advantages and disadvantages of the partnership versus the corporate form of business.

A:

Q: What is partnership? What are its chief characteristics? Explain.

A: Partnership is an agreement of at least two persons to run a business and share the profit and loss…

Q: Explain and enumerate the differences between a Partnership and a Corporation.

A: Partnership Firm: Partnership firms are formed when two or more people join forces to start a…

Q: Which of the two is better especially in terms of convenience, a partnership or a close corporation

A: In partnership firm there are number of partners who share assets and laibilties and profit or loss…

Q: How does partnership accounting differ from corporate accounting?

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: Describe the Advantages and Disadvantages of Organizing as a Partnership from an accounting view

A:

Q: ESSAY: Differentiate Corporation from Partnership

A: Introduction:- Corporations is different from partnerships, there are many differences in each…

Q: When it comes to business ownership, how do shareholders vary from partners?

A: Business Ownership: If you have ownership of anything, it means you own it; it is yours. The word…

Q: In the context of the various forms of business ownership, discuss the two basic types of…

A:

Q: What is matching concept? Why should a business concern follow this concept? Discuss.

A: Matching concept: According to this principle, the expense should be recognized when it is actually…

Q: Which of the following is true about an organizational structure? It is either a sole…

A: Business organization means combination and coordination of different people for the purpose of…

Q: What does it mean to be a company? Instead of forming a partnership, why would the founders of the…

A: The Answer:

Q: A major issue faced by people who are starting their own business is the form of organization they…

A: The company's goal is to maximize profits. Profits are derived from the company's income statement.…

Q: Compare the potential for agency problems in sole proprietorships, partnerships, and corporations.…

A: An agency issue is a contradiction of interest that exists in every connection in which one person…

Q: partnership. What fundamentals of partnership agreement are necessary in the business? Also…

A: 1. What is Partnership?   A partnership can be defined as a formal arrangement by two or more…

Q: In partnership, partners act in common or act as an agent to one another . What does this mean??

A: The law of agency applies to a partnership and the statement "partners act in common or act as an…

Q: Which financial statement of a partnerships reflect the financial result of the business

A: Financial statements prepared by the Partner ship firm include - Trading and profit and loss account…

Q: explain 2 situations that will cause a business partner's inside and outside basis to differ?

A: Partnership: This is the form of business entity which is formed by an agreement, owned and managed…

Q: What is the main difference between organizing a real estate venture as a corporation versus a…

A: Will be explained:

Q: What is the Use of Corporate General Partners?

A: In a partnership, two or more parties agree to operate and manage a business and share the profits…

Q: In a joint venture, the partners donot act in common or act as an agent to one another . What does…

A: Joint venture means where two or more persons comes together to do some business and share profit as…

Q: Which of the following is NOT a principal characteristic of the partnership form of business…

A: A partnership is an association of individuals, where are all the partners are agreed to work for a…

Q: A partnership whose main activity is rendering services (examples include public accounting firms,…

A: Partnership: Partnership is a form of business organization in which two or more than two…

Q: What are the distinctions between Corporation and Partnership?

A: A firm is altogether a distinct legal entity from the ones that own it. In layman's terms, it is a…

Q: What are some of the legal risks associated with organizing a business as a partnership? In your…

A: SOLUTION- PARTNERSHIP- IT IS A KIND OF BUSINESS WHERE A FORMAL AGREEMENT BETWEEN TWO OR MORE PERSONS…

Q: Distinguish Partnership from Corporation. Explain each

A: Partnership is an agreement between two or more persons in which they invest capital, run business…

Q: Briefly describe about partnership. What fundamentals of partnership agreement are necessary in the…

A: The Indian Partnership Act, 1932 defines Partnership in the following terms: “ Partnership is the…

Q: what are the similiarities between basis period use for the company purpose and for the individual/…

A: Base period is the period for which the company as well as the individual or the partnership…

Q: Is it possible for a person to form a joint venture with a business? What's your theory about that?

A: Will be explained:

Q: What choices are available to a group of persons creating a business? Why is it possible that a…

A: The Answer :

Q: How does running a company as a partnership as opposed to a corporation benefit the parties…

A: Describe the benefits and drawbacks of operating a business through a partnership rather than a…

Q: What are the advantages of operating a business as a partnership rather than as a corporation? What…

A: Describe the advantages and dis-advantages of operating a business as a partnership rather than as a…

Q: Discuss the differences between investment in associate and interest in joint venture in accounting…

A: Malaysian Financial Reporting Standards (MFRS): It was established by the Malaysian Accounting…

Q: What type of Partnership as a business formation would be best suited for a "Silent Partner"…

A: General Partnership- This is the kind of partnership where two or more agrees to run a business. In…

Q: What options does a group of people have when forming a business? Why might a partnership not be the…

A: Options will a bunch of individuals have once formed a business : 1. Partnership 2. Body corporates…

Q: Highlight differences between partnership and limited company?

A: The difference between partnership qnd Limited company is as below.

Q: he advantages and disadvantages Sole proprietorship Partnership Corporation

A: There are many forms of organization each have own advantage and each have own disadvantages.

Q: Q: Compare the characteristics of organizational and legal forms of enterprises: Criteria The…

A: Meaning of LLC: - Limited liability companies (LLC) are referred to as entities with corporate…

Q: An advantage of the partnership as a form of business organization would be

A: There are several forms of business organisation. These are sole proprietorship, partnership and…

Q: How does the statements of financial position of a proprietorship differ from that for a…

A: SOLUTION-   SOLE PROPRIETORSHIP- THAT FORM OF BUSINESS ENTITY WHICH IS OWNED AND MANAGED BY SINGLE…

Q: How do you distinguish a partnership from a corporation? How do you distinguish a public partnership…

A: Answer: As per given-

Q: Which business vehicle(Company or partnership) you will adopt if you are to set up a business and…

A: Partnership: A partnership is a commercial enterprise that is possessed by two or more persons who…

Q: Distinguish between dissolution of partnership and dissolution of the firm.

A: Partnership:Partnership is defined as an association of two or more persons to carry business for…

Q: Even though, from an accounting standpoint, partnerships are separate entities from the partners,…

A: Partnership Firm:  A Partnership firm may be defined as a group of two or more people who have…

Q: What is the primary difference between forming a real estate endeavor as a company and forming a…

A: Partnership is a form of business in which two or more than two persons who are known as partners…

Q: A significant difficulty that entrepreneurs encounter is determining the kind of organization to…

A: The firm's goal is to make the company more profitable. The company's income statement may be used…