Kindly answer in detail and part by part, do not use writing because some of...

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Accounting

Kindly answer in detail and part by part, do not use writing because some of writing i cannot read.

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QUESTION 1 (25 MARKS) CLO1 (a) Kelly and Dan started a small business selling organic vegetables a few years ago. Covid-19 has changed consumer preferences of eating out to cooking at home. Besides, major groceries stores place order with them. Therefore, their sales increase tremendously leading both giving up their fulltime job and concentrate in this business. Discuss the advantages and disadvantages; i) of this partnership. (10 marks) ii) if changing their business to a corporation. (10 marks) (b) Elaborate the agency problem on corporation with smaller percentage of individual ownership

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