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Problem 1: Which of the following would least likely be stated in the articles of partnership?
a. Who will make the final decisionsb. How much each partner will investc. What the duties of each partner ared. What products the company will selle. What will happen if a partner dies or wants to dissolve the partnership
Problem 2: A partner who contributes his work, labor or industry to the common fund of the partnership is called
a. Limited partner
b. Industrial partner
c. Capitalist partner
d. Managing partner Problem 2: A partner who is liable for the payment of a partnership debts to the extent of his separate property after the partnership assets are exhausted is called
a. Managing partner
b. Capitalist partner
c. Limited partner
d. General partner
Financial Statement Analysis and Preparation
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Computation of Free Cash Flow
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