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Which of the following is NOT a DISADVANTAGE of a partnership?
Annual Tax Returns
are yearly reports filed with a governmental body declaring income, profits, and losses to determine tax liability.
Financial Accounting
The phase of accounting concerned with providing information to stockholders, creditors, and others outside the organization.
Feasibility Analysis
An assessment of the practicality and potential success of a proposed business idea or project.
Maximum Daily Production
The highest quantity of goods or services a company can produce in a single day under normal operating conditions.
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