In a limited liability partnership, a partner is not liable for his partner's acts of negligence or misconduct.
Answer the following statement true (T) or false (F)
True
A partner in an LLP is liable for his own acts of negligence or misconduct, but not those of his partners.
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Which one of the following items would be subtracted from the balance per bank statement in a bank reconciliation?
a. Outstanding checks b. Deposit in transit c. Service charges d. Interest on customer note
The typical _____ bond pays interest periodically, usually every six months, during the life of the bond and repays the principal amount borrowed at maturity
a. derivative b. multi-coupon c. zero coupon d. serial e. debenture
Often, the parent does not own 100% of the voting stock of a consolidated subsidiary. The parent refers to the owners of the remaining shares of voting stock as a
a. noncontrolling interest. b. nonconsolidated group. c. consolidated subsidiary. d. noninfluential interest. e. nonvoting interest.
Acme Global matches its employees’ contributions to charities. In other words, if an employee gives $100 to a nonprofit organization, Acme Global gives $100 as well. It appears Acme Global is reaching the ______ level of corporate social responsibility.
A. legal B. ethical C. benevolent D. social