|1.|Question: |Cheers Inc. operates as a partnership. immediately the partners have decided to convert the business into a |
| | |corporation. Which of the pursuit statements is CORRECT? |
|Â |Your Answer: |Â Â Â Â Â Â Â Â |
| | |[pic] |
| | |a. Cheers shareholders (the ex-partners) will now be unresolved to less liability. |
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| | |Â Â Â CORRECT |
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| | |Â Â Â Â Â Â Â Â |
| | |[pic] |
| | |b. Cheers will now be undetermined to fewer regulations.
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| | |Â Â Â |
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| | |Â Â Â Â Â Â Â Â |
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