Solution-Which is true for business organized as general

Which is true for business organized as general partnership

Assignment Help Managerial Accounting

Reference no: EM132960427

Problem 1: For a business organized as a general partnership, which statement is true?

A) The owners and the business are separate legal entities.

B) Each partner is potentially responsible for the debts of the business.

C) Formation of a partnership requires getting a charter from the state of incorporation.

D) A partnership is not considered to be a separate accounting entity.

Reference no: EM132960427

Questions Cloud

Guidelines under the category of professional development : Review the guidelines under the category of Professional Development. Propose and discuss a learning opportunity that you will pursue to achieve one or more goa

What type of metrics are used in human resources : What type of metrics are used in human resources?

What amount should the truck be recorded on balance sheet : A3 Salvia Company recently purchased a truck. At what amount should the truck be recorded on the balance sheet prior to recording depreciation expense?

Which equipment related costs is not capitalized : Which equipment related costs is not capitalized on a balance sheet? Transportation costs associated with the equipment purchase.

Which is true for business organized as general partnership : Which is true for a business organized as a general partnership? Formation of a partnership requires getting a charter from the state of incorporation.

Which adjustment is in accordance at the end of accounting : Which adjustment is in accordance At the end of the accounting? At the end of the accounting period a company makes a charge in its financial statements

Implementing the hedis measures : After reading Chapter 1 through 4, you should be familiar with quality improvement initiatives including the National Committee for Quality Assurance (NCQA) HED

Determine what current market price of bond for jackson corp : Find What is the current market price of these bonds? Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 12%.

Positive impact on safety in the workplace : Provide an example of when you had a positive impact on safety in the workplace.*

User Account

All Pages

Which is true for business organized as general partnership

Reference no: EM132960427

Reference no: EM132960427

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Prepare a variable costing income statement

What is effect of transactions on accounting equation

Calculate the IRR for the new production system

Operating activities section of the statement of cash flows

What the variable overhead spending and efficiency variances

Discuss tax issues, international transactions

Choose an item that you would like to manufacture you do

Prepare income statements for the month of September

What the balance in the factory overhead account is a

What would be the effect on income if product a were dropped

Prepare proper title for the annual manufacturing statement

Calculate the monthly profit based on the cost plus approach

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT