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Home Q & A Board Other Fields Homework Help Business Accounting
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bosoxsilva bosoxsilva
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5 years ago
Which of the following is a disadvantage of partnership firms?
A) They cannot be dissolved without the permission of the SEC.
B) They are taxed at multiple levels: corporate level and individual level.
C) They have more difficulty in raising capital as compared to a sole proprietorship.
D) They have mutual agency which creates personal obligations for each partner.
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
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gagegage
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