Which of the Following Would Least Likely Be Stated in the Articles

question 137

Multiple Choice

Which of the following would least likely be stated in the articles of partnership?

• A) Who will make the final decisions
• B) How much each partner will invest
• C) What the duties of each partner are
• D) What products the company will sell
• E) What will happen if a partner dies or wants to dissolve the partnership

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Definitions:

Creditor

An individual or institution that lends money or extends credit, expecting repayment in the future.

Basic Accounting Equation

The Basic Accounting Equation is the foundational principle of double-entry bookkeeping, stating that Assets = Liabilities + Equity, maintaining the balance of a company's financial statements.

Equipment

The tangible assets used in the operation of a business to perform specific tasks, excluding real estate and facilities.

Assets

Resources owned by a company that have economic value and can be used to meet debts, commitments, or legacies.