If Edd contributed $1,000 as a limited partner and signed a certificate of limited partnership, but the certificate was filed in the wrong office:
A) Edd may avoid liability as a general partner if he withdraws from the business and quickly renounces future profits.
B) Edd is not a partner at all and may withdraw his contribution.
C) Edd is a general partner for all purposes.
D) Edd may become a limited partner by quickly filing an affidavit stating he was not responsible for the erroneous filing.
A
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Use the information below for Fargo Corp for 2015 and 2016 to answer the following question. Bonds payable, December 31, 2015 $500,000 Bonds payable, December 31, 2016 800,000 Loss on bond retirement—2016 15,000 Interest expense on bonds—2016 45,000 At the end of 2016, Fargo issued bonds at par value for $800,000 cash. The proceeds from these bonds were used to retire the $500,000 bond issue
outstanding at the end of 2015 (before their maturity date). All interest expense was paid in cash during 2016. How much did Fargo pay to retire the $500,000 bond issue during 2016? a. $485,000 b. $500,000 c. $515,000 d. $560,000
Define the consequential theories, deontological theories, and humanist theories of ethical thought
What will be an ideal response?
Anyone can upgrade or change firmware.
Answer the following statement true (T) or false (F)
Louie Corporation has provided the following data: Year 2Year 1Accounts receivable$269,000 $290,000 Inventory$190,000 $160,000 Sales, on account$1,340,000 Cost of goods sold$860,000 The company's operating cycle for Year 2 is closest to:
A. 9.7 days B. 81.0 days C. 150.5 days D. 79.2 days