Which of the following partners in a limited partnership invests capital, manages the business, and is personally liable for partnership debts?
A. specific partners
B. limited partners
C. general partners
D. sole proprietors
Answer: C
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Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1: $10,000 Year 2: 45,000 Year 3: 90,000 Determine the dividends per share for preferred and common stock for the first year
a. $0.50 and $0.10 b. $0.00 and $0.10 c. $0.50 and $0.00 d. $2.00 and $0.00
Today, businesses are under intense pressure to ______.
a. meet the goals of sustainability b. employ as many people as possible to be socially responsible c. make sure business is conducted in as many different countries as possible d. ensure only locally available resources are used
One measure of the cost of common stock equity is the rate at which investors discount the expected common stock dividends of the firm to determine its share value
Indicate whether the statement is true or false
Acme Explosives Inc is an international producer of creative demolition products. Selected financial information for Acme is provided in the table below. Acme wants to distribute all of its cash with an open market repurchase
Assume that Acme is able to buy back 1,064,377,778 shares for an average price of $27 per share. What is Acme's stock price after the repurchase? Selected Financial Information for Acme Corporation Before Repurchase After Repurchas Cash $28,738.2M $0 Market Capitalization $177,809.7M Shares Outstanding 6,330M Stock Price $28.09 Debt $0 $0 A) $27.33 B) $28.09 C) $28.31 D) $28.75 E) $28.33