Our taylor, inc., reported credit sales of $2,500,000 for 2019. cost of goods sold was $900,000. the following additional information is available from the company’s records: december 31, 2019 december 31, 2018 accounts receivable $60,000 $40,000 inventory $75,000 $80,000 accounts receivable $60,000 $40,000 how much cash did the company collect from customers in 2019?

1. the corporate form of business organization has an advantage over both the sole proprietorship and the general partnership in ease of 2. the corporate form of business organization has an advantage over both the sole proprietorship and the general partnership in external liability for business 3. a partnership is an association of two or more persons to carry on as co-owners a business for 4. any one partner may be held liable for the entire indebtedness of the 5. a limited partner is liable for the partnership debt only to the extent of her capital 6. a person may be a partner even though he has no authority to conduct the ordinary activities of the 7. a partner may withdraw his capital contribution without the consent of all the 8. when a partner sells his interest in the partnership, the buyer becomes a new 9.every partner owes a duty of good faith, fairness, and loyalty to the other 10. a partner who fails to use ordinary care and skill in discharging assigned duties will be personally liable to the partners for any resulting loss.