PLEASE HELP ME IT'S DUE TODAY
I WILL GIVE BRAINLIEST, BUT I NEED AN ANSWER ASAP
Paula and Emilio are business partners who co-own a party-planning business. Emilio has been handling all the office administration tasks himself so far, and he’s been doing a good job with them. However, as word-of-mouth marketing starts to bring them more and more customers, Paula suggests hiring an administrative professional.

What type of business structure do Paula and Emilio run? Explain your reasoning.
What is the MOST likely reason Paula wants to hire someone new? Explain your reasoning.

Kandon enterprises, inc., has two operating divisions; one manufactures machinery and the other breeds and sells horses. both divisions are considered separate components as defined by generally accepted accounting principles. the horse division has been unprofitable, and on november 15, 2018, kandon adopted a formal plan to sell the division. the sale was completed on april 30, 2019. at december 31, 2018, the component was considered held for sale. on december 31, 2018, the company’s fiscal year-end, the book value of the assets of the horse division was $415,000. on that date, the fair value of the assets, less costs to sell, was $350,000. the before-tax loss from operations of the division for the year was $290,000. the company’s effective tax rate is 40%. the after-tax income from continuing operations for 2018 was $550,000. required: 1. prepare a partial income statement for 2018 beginning with income from continuing operations. ignore eps disclosures. 2. prepare a partial income statement for 2018 beginning with income from continuing operations. assuming that the estimated net fair value of the horse division’s assets was $700,000, instead of $350,000. ignore eps disclosures.