Answer:
D. Under the circumstances, Sonya and Davi are both jointly and severally liable for the full $1 million.
Explanation:
Given the agreement signed between Sonya and Davi, Sonya contributes $100,000 while Davi contributes $200,000, profits are split evenly. Davi can be considered a limited partner because he is only liable for the $200,000 contributed towards the startup.
Now after a month, Davi gets involved in the business and became active in the business activities. Therefore, he is personally liable for the limited partnership debts.
Therefore, Under the circumstances, Sonya and Davi are both jointly and severally liable for the full $1 million.
Since, the options have not been given, the question is incomplete. The complete question is as follows:
Acme Direct Funding’s loan package contains an additional acknowledgment certificate with instructions for the Notary Signing Agent to sign and affix a seal impression and return the certificate with the completed documents. Which of the following is the best course of action for the agent to take?
a. Sign, seal, and photocopy the additional certificate before returning it as requested
b. Sign, seal, and return the additional certificate as requested
c. Refuse to sign and seal the additional certificate
d. Sign, the certificate but refuse to apply your seal impression
Answer: Refuse to sign and seal the Acknowledgement certificate.
Explanation:
The notary signing agent must not sign the acknowledgment certificate. The company or loan funding agency may require extra certificates to rectify any mistake committed by the notary signing agent on the deed. Any mistake on the loan package is not consultation with the client and rejected without sending back the documents to the notary signing agent to correct.
The answer is Prospecting cover letter. A letter of interest, also known as a prospecting letter or inquiry letter. This is sent to potential or desired employers that may be hiring, but haven't listed a specific job opening to apply for.
Answer:
Hoosier does not adjust its E&P for the stock dividend because it is not taxable to the shareholders.
Explanation:
Hoosier does not adjust its E&P for the stock dividend because it is not taxable to the shareholders. This conclusion is based on the definition of taxable dividends.
Answer:
c. $75,000
Explanation:
The computation of revenue from investment for 2015 is shown below:-
Investment in Sherman = Purchased shares ÷ Common stock shares
= 25,000 ÷ 100,000
= 25%
Revenue from investment = Net income × Investment in Sherman
= $300,000 × 25%
= $75,000
Therefore for computing the revenue from investment we simply multiplied the net income with investment in Sherman.