Who among the following gets first priority in the distribution of assets upon the dissolution of a limited partnership?
A. investors
B. limited partners
C. general partners
D. creditors
Answer: D
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When a lease payment is made, an entry is made in the debt service (or appropriate governmental) fund to record an expenditure, and an entry is made in the governmental activities accounts to reduce Lease Obligations Payable.
Answer the following statement true (T) or false (F)
The potential for benefiting from the Object Adapter pattern is vast. Give examples of situations when you can use this pattern
What will be an ideal response?
Homer currently operates a successful S corporation. He would like to bring his two teenage children into the business. If he gives each child 10% of the stock, which of the following statements is true?
A. Homer must receive a reasonable salary for any time he spends working on behalf of the business. B. Since the children did not pay for the stock, Homer will still be taxed on the full income of the corporation under the assignment of income doctrine. C. Both statements are true. D. Neither statement is true.
Many people who bought X-Game gaming systems over the holidays have complained that the systems they purchased were defective. In a sample of 1200 units sold, 18 units were defective
a. Determine a 95% confidence interval for the percentage of defective systems in the population. b. If 1.5 million X-Game gaming systems were sold over the holidays, determine an interval for the number of defectives in sales.