The UPA grants each partner the right to an account whenever:
A) his partners wrongfully exclude him from the partnership business.
B) a partner makes a profit in violation of his fiduciary duty.
C) circumstances render it just and reasonable.
D) All of these are reasons a parter may demand an account.
D
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If land costing $145,000 was sold for $205,000, the $60,000 gain on the sale would be added to net income in theoperating activities section of the statement of cash flows (prepared by the indirect method)
a. True b. False Indicate whether the statement is true or false
Recognition is the process of formally recording or incorporating an item into the financial statements
a. True b. False Indicate whether the statement is true or false
A typical purchasing manager
A. seeks the lowest possible cost. B. tries to satisfy both individual needs and company needs. C. has the final decision on all purchases. D. buys strictly on economic needs. E. All these answers are correct.
According to the text, Canfor Corporation of Vancouver is a good example from the forest industry of having followed a successful strategy, to expand across markets, of
A. capital restructuring and technology restructuring. B. horizontal integration. C. asset restructuring. D. vertical integration.