What type of business entity is a business where two or more persons co-own abusiness for profit where each partner is individually liable for all partnership debts?
a. Limited partnership
b. General partnership
c. Limited liability partnership
d. Limited liability company
b
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Explain the difference between cash and cash equivalents.
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The corporation owning all or a majority of the voting stock of another corporation is known as the parent company
Indicate whether the statement is true or false
If a corporation sells certain capital equipment for more than their initial purchase price, the difference between the sale price and the purchase price is called a(n) ________
A) ordinary gain B) revenue gain C) capital gain D) abnormal gain
The Rule in Dumpor's Case provides that if the landlord agrees to one assignment, he's agreed to all assignments
Indicate whether the statement is true or false