Ryder and Sergei are in one of the three partnerships (general, limited and limited liability), namely limited partnership.
In limited partnership, one or more of the partners takes on a limited liability status (limited partner), but they do not have the right to the management of the company. At least one partner must assume all liabilities personally. This partner (general partner) has the right to control and management of the company.
[ source: FindLaw ]
Answer:
Investment interest expense deduction is restricted to the extent of investment income.
Investment interest expense deduction = $4600
Explanation:
Answer:
The correct answer is (C) a general and ongoing rise in the average level of prices in an economy.
Explanation:
The definition above, usually applies to inflation only if the rise happens for a certain period of time. In other words, the price does not fluctuate. Though oftentimes we consider inflation as bad, this occurrence brings both positive and negative effects. Negative effects of inflation are seen in the discouragement of savings and investments and goods shortages because people might consider buying products at large quantities due to the price volatility. Positive effects of inflation include the decrease of unemployment.
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