Dusty dissociated from a partnership. To protect himself from debts of the partnership after he leaves, Dusty should
A. secure an indemnity bond.
B. file a statement of dissociation with the secretary of state.
C. execute a formal written agreement with the remaining partners.
D. demand that the partnership terminate.
Answer: B
You might also like to view...
All attempts to reduce variability and defects in products reflect the implementation of
a. activity analysis. b. statistical process control. c. quality control. d. control charts.
_______ (is) are firms, institutions, or governments that acquire goods and services either for their own use, to incorporate into the products or services that they produce, or for resale along with other products and services to other firms,
institutions, or governments. a. Business market management b. Business markets c. Business marketing d. Customer value in business markets
____ can accept and return none, one, or many parameters.
A. Triggers B. Procedures C. Packages D. Programs
On May 1, 2016, Butler Services issued a long-term note payable for $35,000
The note will be paid over five-years with annual principal payments of $7,000, plus interest, on May 1 of each year beginning on May 1, 2017. Prepare the journal entry for the issuance of the note. What will be an ideal response