Business, 28.08.2019 10:30, mariahough

Unless otherwise stated in the partnership agreement, even if one partner has an unusually large proportion of management duties, each partner will have one vote in determining how the partnership is managed.
a. true
b. false

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Business, 23.06.2019 18:00, sairaanwar67

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.

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Business, 04.09.2019 05:10, sierraseideman1023

Which of the following statements best describes limited partnerships? a. in an llp, there must be at least one general partner that is personally liable for the obligations of the partnership and has management responsibilities.b. there are no general or limited partners in a lp; each partner has the rights and duties of a general partner, but limited legal liability.c. the identifier lp or llp need not be included in the name or identification of a limited partnership.d. if the presumption of control by the general partner can be overcome, the partner would account for its investment using the equity method of accounting.

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Business, 10.09.2019 00:30, dontcareanyonemo

The apb partnership agreement specifies that partnership net income be allocated as follows: partner a partner p partner b salary allowance 3 1 4 interest on average capital balance 10% 10% 10% remainder 40% 40% 20% average capital balances for the current year were $50,000 for a, $30,000 for p, and $20,000 for b. 19. refer to the information given. assuming a current year net income of $50,000, what amount should be allocated to each partner? partner a partner p partner b a) 2 2 1 b) 16000 16000 8000 c) 19000 (3000) 34000 d) 17000 0 33000 a. option a b. option b c. option c d. option d

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Business, 10.09.2019 01:20, evazquez

The srt partnership agreement specifies that partnership net income be allocated as follows: partner s partner r partner t salary allowance $20,000 $25,000 $15,000 interest on average capital balance 10% 10% 10% remainder 30% 30% 40% average capital balances for the current year were $60,000 for s, $50,000 for r, and $40,000 for t. refer to the information given. assuming a current year net income of $45,000, what amount should be allocated to each partner? partner s partner r partner t a. $17,000 $21,000 $7,000 b. ($9,000) ($9,000) ($12,000) c. $13,500 $13,500 $18,000 d. $22,500 $22,500 $0

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Unless otherwise stated in the partnership agreement, even if one partner has an unusually large proportion of management duties, each partner will have one vote in determining how the partnership is managed. a. true b. false

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Unless otherwise stated in the partnership agreement, even if one partner has an unusually large proportion of management duties, each partner will have one vote in determining how the partnership is managed.
a. true
b. false