One disadvantage of a partnership is

A. A difficult creation process

B. Unlimited Liability

C. Unlimited Life of the company

D. Double taxation

Which of the following is a partnership in which only one partner is required to be a general partner? A) proprietor partnership B) limited partnership C) limited liability partnership (LLP) D) general partnership

What difficulties did factory workers face?

Papa Roach Exterminators, Inc., has sales of $699,000, costs of $385,000, depreciation expense of $47,000, interest expense of $25,000, and a tax rate of 30 percent. If the firm paid out $80,000 in cash dividends.

Fisher-Price employees were engaged in experimental research when they observed, from behind a mirror, children playing with soap bubbles and decided to build a toy lawn mower that spewed soap bubbles. a. Trueb. False

Zahn company manufactures a product that sells for $120. a selling commission of 10% of the selling price is paid on each unit sold. variable manufacturing costs are $60 per unit.

What is the alternate name for income tax return form1040?

Porite Company recognizes revenue in the period in which it records an asset for the related account receivable, rather than in the period in which the account receivable is collected in cash.

You have $ 400 and a bank is offering 4.0 % interest on deposits. If you deposit the money in the bank, how much will you have in one year?

A promissory note a. cannot be factored to another party. b. has the party to whom the money is due as the maker. c. may be used to settle an accounts receivable. d. is not a formal credit instrument.

Davison Company determined that the book basis of its net accounts receivable was less than thetax basis of its net accounts receivable by $800,000 due to a difference in the allowance for baddebts account.