Elisa Diaz and ma. concepciin manalo formed a partnership
Answers
Answer:
Elisa Diaz and Ma. Concepcion Manalo formed a partnership, investing P330,000 and * P110,000, respectively. Determine the partners' ...
Answer:
Concepcion Manalo, it is impossible to provide a more detailed explanation.
Explanation:
Without additional information, it is difficult to provide a detailed explanation about the partnership between Elisa Diaz and Ma. Concepcion Manalo. However, I can provide some general information about partnerships.
A partnership is a type of business entity where two or more individuals come together to carry on a trade or business with the goal of making a profit. In a partnership, each partner contributes money, property, or services to the business in exchange for a share of the profits and losses of the business.
Partnerships can take different forms, such as general partnerships, limited partnerships, and limited liability partnerships. In a general partnership, all partners are responsible for the management of the business and are personally liable for the debts and obligations of the partnership. In a limited partnership, there are both general partners and limited partners, with the limited partners having limited liability for the debts and obligations of the partnership. In a limited liability partnership, all partners have limited liability for the debts and obligations of the partnership.
Partnerships can be formed for a variety of reasons, such as pooling resources, sharing expertise and skills, and reducing risks. Partnerships can also provide tax benefits, as the profits and losses of the partnership are passed through to the partners and reported on their individual tax returns.
In summary, a partnership is a type of business entity where two or more individuals come together to carry on a trade or business with the goal of making a profit. Without further information about the specific partnership between Elisa Diaz and Ma. Concepcion Manalo, it is impossible to provide a more detailed explanation.
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