Which of the following is true of limited partnerships?
A. A limited partnership must file a certificate with the secretary of state.
B. A limited partner is liable for the debts of the partnership.
C. A limited partner is a fiduciary.
D. A limited partnership can be created only under federal statutes.
Answer: A
You might also like to view...
Kohlberg's theory of cognitive moral development proposes that as people age and mature, they move through the preconventional, postconventional, and principled stages of moral development.
Answer the following statement true (T) or false (F)
_____________ occurs when the fair value of an asset is less than its carrying value
A) ?Unidentification B) ?Amortization C) ?Goodwill D) ?Impairment
Total work-in-process during the period is the sum of the beginning work-in-process inventory and the total manufacturing costs incurred during the period.
Answer the following statement true (T) or false (F)
Which of the following models can be used when demand exhibits both trend and seasonal patterns?
A. simple exponential smoothing B. second-order or double smoothing C. third-order or triple smoothing D. complex exponential smoothing