alleryTwo friends pool money and skills to run a design studio as co-owners. That structure is a:
APartnership
BProprietary
CProspectus
DPreference
Answer & Solution
Correct answer: A. Partnership
1. Two or more people contribute and share the ownership.
2. That is the defining shape of the arrangement.
3. The studio is a partnership.
_Source: OpenStax Principles of Financial Accounting, Chapter 2, Introduction to Financial Statements._
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