Which of the following is an accurate statement regarding dissolution of a partnership?
A. A general partnership may be dissolved, while a limited partnership may not.
B. Just like a general partnership, a limited partnership may be dissolved, and its affairs wound up.
C. Dissolution of a general partnership is governed by federal law, while dissolution of a limited partnership is governed by state law.
D. Dissolution of a limited partnership is governed by federal law, while dissolution of a general partnership is governed by state law.
Answer: B
You might also like to view...
Aisha is a marketing manager with Injoos, a company that manufactures packaged fruit juices
Knowing that several other companies exist in the market that offer similar products, Aisha decides to build a customer base from among those who prefer to avoid mass media and other targeted promotions. Which of the following marketing communications tools would be her best option to build a favorable impression among the prospective customers? A) advertising B) personal selling C) sales promotions D) direct marketing E) public relations
Which of the following is an accounting method that (1) estimates and reports bad debts expense from credit sales during the period the sales are recorded, and (2) reports accounts receivable at the estimated amount of cash to be collected?
A. Allowance method of accounting for bad debts. B. Aging of notes receivable method. C. Cash basis method of accounting for bad debts. D. Adjustment method for uncollectible debts. E. Direct write-off method of accounting for bad debts.
What type of keys do you need to use to create a relational database model?
A. Entity keys and attribute keys. B. Relational keys and DBMS keys. C. Primary keys and secondary keys. D. Primary keys and foreign keys.
Identify the various transportation modes and describe in detail two modes of transportation.
What will be an ideal response?