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Next to the following list of eight characteristics of business organizetions, select a brief description...

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Accounting

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Next to the following list of eight characteristics of business organizetions, select a brief description of how each characteristic applies to general partnerships Duration of ife 2. Owners liability 3. Legal status 4. Tax status of income Difficult to transfer Income taxed on partners' returns Limited Low ability Mutual agency 5. Owners authority 6. Ease of formation B. Ability to raise large capital amounts

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