Each partner in a limited liability partnership (LLP) reports her share of the LLP's profits and losses on her personal tax return.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Answer the following statements true (T) or false (F)
Collective bargaining is an example of a worker control governance system. U.S. labor laws governing workplace governance systems reflect the central belief that competitive markets will produce efficient outcomes for both employers and employees. According to the human resource management school of thought, unions are helpful because they facilitate communication between management and the workers. According to the critical industrial relations school of thought, unions can be used as a way to suppress workers. U.S. labor laws were written to reflect the central belief that unions are needed to counter corporate power following the labor problems of early industrialization and this support for bilateral decision-making has received strong, long-lasting support in the U.S.
Virginia hires John as her agent to buy supplies. Byron contracts to send supplies to Wolf through John, knowing John is an agent. The supplies are sent but not paid for so Byron wants to sue on the contract
Which of the following statements is true? A) Byron has a contract with Virginia only. B) Byron has a contract with John only C) Byron has a contract in which John and Virginia are both liable. D) Byron has no contract with Virginia because he made the agreement with John. E) Byron has a choice whether to sue Virginia or John.
Glen falsely accuses Hu of stealing from Island Tours, Inc., their employer. Glen's statement is defamatory only if
A. a third party hears it. B. Hu has not been caught. C. the statement is puffery. D. the statement is true.
Harold considers investing in an LM Corp. bond and decides not to purchase the bond. Which of
the following statements is MOST correct? A) The liquidation value of the bond is greater than the market value of the bond. B) The intrinsic value of the bond for the investor is greater than the book value of the bond. C) The intrinsic value of the bond for the investor is less than the market value of the bond. D) The intrinsic value of the bond for the investor is less than the par value of the bond.