Answer the following statement(s) true (T) or false (F)
1. In most states, the same number of partners required to approve an amendment to the partnership agreement must vote to approve the limited liability partnership election.
2. A carefully drafted partnership agreement can be important to the success of the limited liability partnership.
3. Foreign limited liability partnerships generally do not need to qualify to do business in states where they do business unless they plan to incorporate.
4. Several states have adopted limited liability limited partnership legislation to offer limited liability status to both general and limited partners.
5. The proper documentation must be filed with the secretary of state to elect limited liability limited partnership status.
1. TRUE
2. TRUE
3. FALSE
4. TRUE
5. TRUE
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If a taxpayer does not own a home but rents an apartment, the office in the home deduction is not available.
Answer the following statement true (T) or false (F)
________ are voluntary guidelines that specify the same things that technical regulations mandatorily specify
A. Standards B. Safeguards C. Rules of origin D. Conformity assessment procedures
For a single server, single queue system with an arrival rate of 12 customers per hour and a service rate of 14 customers per hour, what is the mean server utilization (to two decimal places)?
a. 0.20 b. 0.86 c. 1.17 d. Cannot be determined from the information given
Which of the following must meet certain educational and experience requirements and take a five-part examination established by the National Society of Accountants?
a. public accountants b. private accountants c. certified management accountants (CMA) d. certified public accountants (CPA) e. national bookkeepers