In a limited partnership:
The inactive partner has limited liability for the business's debts
Explanation:
In a general partnership all partners share equal financial responsibility for the firm's decisions.
This means that all partners are supposed to have equal liabilities but hat is not the case for limited ones.
In limited partnerships there is a general partner who owns most of the business and has most of the availability and the limited partner has pooled resources for the business but has very little personal responsibility to it.
This model is usually there when the firm needs some investors and the person running business is usually the owner only.
Answer:
I Dont know
Explanation:
sorrrrrrry I will try next time
The sentence that shows the disadvantage of a questionnaire is option D. The sample of individuals who respond may not be representative of the population.
<h3>What is a questionnaire?</h3>
A questionnaire is a set of printed or written questions with a choice of answers, devised for the purposes of a survey or statistical study.
Therefore, the correct answer is option D. The sample of individuals who respond may not be representative of the population.
learn more about questionnaire: brainly.com/question/25257437
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Answer:
Gain recognized by Ben = $10,000
Explanation:
Given Data:
Adjusted basis of property=$40000
Cash received = $15000
Additional stock received = $35000
Total received = Cash received + Additional stock received
= $35000
+ $15000
= $50000
Gain recognized by Ben = Total received - Adjusted basis of property
=$50,000 -$40,000
= $10,000
Therefore, gain recognized by Ben = $10,000
