Which of the following statements regarding limited partnerships is TRUE?
a. A general partner's liability is limited by the amount of their investment.
b. There is no limit on a limited partner's liability.
c. A limited partner is not liable until all the assets of the general partners have been exhausted.
d. A limited partner's liability is limited by the amount of their investment
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of the following statements regarding limited partnerships is TRUE? a. A general partner's liability is limited by the amount of ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
13.26. County Hospital orders syringes from a hospital supply firm. The hospital expects to use 40,000 per year. The cost to order and have the syringes delivered is $800. The annual carrying cost is $1.90 per syringe because of security and theft.
Answers (1)
The Red Bud Co. pays a constant dividend of $2.00 a share. The company announced today that it will continue to do this for another 2 years after which time they will discontinue paying dividends permanently.
Answers (1)
As an oversight board, the Public Company Accounting Oversight Board (PCAOB) was charged with maintaining compliance with established standards and enforcing rules and disciplinary procedures for those organizations that found themselves out of
Answers (1)
Accounting information that does not provide measurement bias in favor of a particular set of companies has the characteristic of:
Answers (1)
Andrew owns 100% of the stock of Crow's Farm Inc., an S corporation, that raises cattle and corn. The farm's annual gross receipts have never exceeded $3 million and the farm is not considered a tax shelter. a.
Answers (1)
New Questions in Business
has sales of $15 million, total assets of $9 million, and total debt of $3.7 million. If the profit margin is 7 percent what is net income? What is ROE? What is ROA?
Answers (1)
The overall variability of a firm's returns depends on the expected return of each individual project, percentage of funds invested in each individual project, and correlation coefficient of returns between the investments.
Answers (1)
Luca writes a daily blog about why people should eat healthy foods and ways to eat healthfully. What are the purposes of his blog? to entertain and advertise to advertise and inform to argue and inform to argue and entertain
Answers (1)
Billy accepted a job at a company that specializes in providing money for short-term retail lending. where did he go to work?
Answers (1)
If using a thermometer that cannot be calibrated by cold or boiling methods, food handlers should check with whom to make sure the thermometer are calibrated correctly?
Answers (1)