A partner is responsible for his/her own actions, but not for actions taken by another partner on behalf of the partnership.
Answer the following statement true (T) or false (F)
False
Partners are held responsible for the actions of other partners taken on behalf of the partnership. This is known as joint and several liability, and it is a disadvantage of partnerships.
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If the likelihood of a future event is remote, how should the company report the contingency?
What will be an ideal response
The Second Amendment to the U.S. Constitution reserves all powers not delegated to the national government to the states
a. True b. False Indicate whether the statement is true or false
Which of the following is the correct expression for calculating the future value of an investment? (r represents the interest rate and n represents the length of time)?
A. ?Future value = Present value × (1 + r)n B. ?Future value = Present value + (1 + r)n C. ?Future value = Present value - (1 + r)n D. ?Future value = Present value / (1 + r)n E. ?Future value = Present value / ((1 + r) × n)
Mobile devices cannot be connected through the cloud.
Answer the following statement true (T) or false (F)