Which of the following is not true about the termination of a limited partnership?
a. the bankruptcy of a limited partner does not force termination b. the business may continue to operate during dissolution
c. creditors' rights come before partners' rights to funds
d. limited and general partners share assets equally at the same time after the creditors are paid e. all of the other choices are true
d
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Ending retained earnings reported on the statement of retained earnings is calculated by adding stockholder investments and net income and subtracting net losses and dividends.
Answer the following statement true (T) or false (F)
Intentional harm to property includes the torts of:
a. trespass to real and personal property. b. nuisance. c. conversion. d. Each of these.
The firm's target capital structure should be consistent with which of the following statements?
A. Minimize the cost of debt (rd). B. Obtain the highest possible bond rating. C. Minimize the cost of equity (rs). D. Minimize the weighted average cost of capital (WACC). E. Maximize the earnings per share (EPS).
A license is generally irrevocable by the property owner
Indicate whether the statement is true or false