I need number 6 thru number 10 Exam Spring, 2018 Part-1110 points) Identify, com

Question

I need number 6 thru number 10

Exam Spring, 2018 Part-1110 points) Identify, compare, or contrast t 1. Partnership Vs. Proprietorship 2. Mutual Agency 3. Unlimited Liability 4. Dissolution vs. Liquidation 5. Limited Partnership 6. Limited Life 7. Realization of Assets 8. Co-ownership of Assets 9. Partnership Agreement 10. Form of Business Organization vs. Form of Businss 1 Operation Part II (20 Points) t partnership of Kluber and Bauer was started on March 1st or this year. Kluber contributed $150,000 cash to the T Bauer contributed land with a fair market fair market value of

Explanation / Answer

6. Limited life indicates the specific periods of time of the partners in the business enterprises.

7.Realisation of assets mean the asset valued at the time of dissolution. If the partners disolve their firms the asset realize.

8. Any assets which is acquire between two parties for the some reason of the business is called co-ownership of assets.

9. A deed made before starting the business activities is called partenership agreement in which the description of business ethics and share ratio of contributions as well as profit are specified.

10. The business enterprises can be structure into several ways and it makes the oraganization effective. Sole proprietor, firms, units are the best suited example of form of business organizations where as form of business operations introduce the work activities of the firms.

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