Bret is a general partner in Capitol Realty, LLLP, a limited liability limited partnership, which cannot pay its debts. Bret is personally liable for the debts
A. in proportion to the number of partners in the firm.
B. to no extent.
C. to the extent of his capital contribution.
D. to the full extent.
Answer: C
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The ability in object-oriented structures to create a new object automatically by replicating all or some of the characteristics of a previously developed object is called _____.
Fill in the blank(s) with the appropriate word(s).
Brant, a telemarketer, has been given a script to read to customers and was instructed to be enthusiastic and conceal any frustration he might have. Brant is using what?
A. emotional dissonance B. display rules C. house rules D. emotional regulation
Which of the following statements is not true about a 2-for-1 stock split?
A) Total contributed capital increases. B) Par value per share is reduced to half of what it was before the split. C) A stockholder with ten shares before the split owns twenty shares after the split. D) The market price probably will decrease.
In the closing procedure, the total of the ________ account balances are transferred to the debit side of the Income Summary account.
Fill in the blank(s) with the appropriate word(s).