The certificate of limited partnership need not be amended if a new general partner is admitted
Indicate whether the statement is true or false
False
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Which of the following criteria is applicable with respect to determining when a variable interest entity (VIE) must be consolidated into the sponsoring firm's financial statements?
A. A consolidation must occur if the firm is entitled to receive all of the VIE's residual returns. B. A consolidation must occur if the firm has a controlling financial interest and is the VIE's primary beneficiary. C. A consolidation must occur if the sponsoring firm owns more than 50% of the VIE's equity. D. A consolidation must occur regardless of the risk of loss exposure.
As it pertains to transportation, ________ refers to a carrier's ability to provide service from the source of the shipment to its destination.
Fill in the blank(s) with the appropriate word(s).
In a general partnership, the partners are personally liable for the debts of the partnership
a. True b. False Indicate whether the statement is true or false
The probability of at least one head in two flips of a coin is
a. 0.33 b. 0.50 c. 0.75 d. 1.00