Amy, jan, and beth have decided to combine their talents in a business partnership. one of the benefits they'll have over a sole ownership is
a. less personal financial liability.
b. less paperwork.
c. shared resources.
d. greater individual authority.

Prior to its closing, income summary had total debits of $1,190,500 and total credits of $1,476,300. what purpose is served by the income summary account and what is the nature of the entries that resulted in the $1,190,500 and the $1,476,300? the income summary account is used to the accounts. the $1,190,500 represents the , and the $1,476,300 represents . the company had of $ .