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  3. 2.) the advantages of the partnership form of busi

2.) The advantages of the partnership form of business organization compared to corporations include which...

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Accounting

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2.)
The advantages of the partnership form of business organization compared to corporations include which of the following?
single taxation
ease of raising capital
mutual agency
limited liability
difficulty of formation
3.)
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Following are the capital account balances and profit and loss percentages (indicated parenthetically for the William, Jennings, and Bryan partnership: William (45%) Jennings (45%) Bryan (10%) $370,000 320,000 300,000 Darrow invests $440,000 in cash for a 30 percent ownership interest. The money goes to the business. No goodwill or other revaluation is to be recorded. After the transaction, what is Jennings's capital balance? A partnership is considering possible liquidation because one of the partners (Bell) is personally insolvent. Profits and losses are divided on a 4:3:2:1 basis, respectively. Capital balances at the current time are Bell, capital Hardy, capital Dennard, capital Suddath, capital $62,500 61,000 15,000 85,000 Bell's creditors have filed a $26,000 claim against the partnership's assets. The partnership currently holds assets of $350,000 and liabilities of $126,500. If the assets can be sold for $215,000, what is the minimum amount that Bell's creditors would receive

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