When two friends decide to open a florist and gift shop, and they agree to share all work, debts, and profits equally, the friends have created a(n):

A) limited partnership.
B) general partnership.
C) corporation.
D) S corporation.

B

Business

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Many studies have demonstrated that integrated delivery systems are able to provide higher-quality care at lower cost than can stand-alone specialized provider organizations.

a. true b. false

Business

A truck costing $30,000 and on which $26,000 of accumulated depreciation has been recorded was discarded as having no value. The entry to record this event would include a

A. gain of $4000 B. loss of $4000 C. credit to Accumulated Depreciation for $26,000 D. credit to Accumulated Depreciation for $30,000

Business