Quiz Ch 01 – Matt and Alicia’s Business Venture: Identifying the Entity Type and Liability Structure

Essentials of Corporate Finance

Ross, Westerfield, and Jordan

10th Edition

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Matt and Alicia have established a business entity where they will have shared ownership on a 75/25 basis and will not bear personal liability for the firm's debts. Which type of entity have they created?

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  • Search Terms: / a alicia and basis. company corporation c) create created debts? a) did entity firm firm's for general have if is legal liability limited matt no of on ownership partnership b) partnership e) personal proprietorship d) public separate share sole that the they type which will
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