1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Thepotemich [5.8K]
3 years ago
5

A general partner is responsible for any debts of the partnership, regardless of whether he or she was directly involved in the

transaction that created the debt.
Business
1 answer:
11Alexandr11 [23.1K]3 years ago
4 0

Answer: Yes it is true that A general partner is responsible for any debts of the partnership, regardless of whether he or she was directly involved in the transaction that created the debt.

<u>Explanation:</u>

In the case of the general partnership, all the partners have unlimited liability and the same authority. Here the term unlimited liability means that they are personally responsible for the debts of the firm. It means their personal properties like their cars, houses, etc will also be taken into consideration for paying back the debts. So whether the partner was involved directly or not in any debt transaction he will be liable for it.

There is an equal distribution of authority in general partnership. So this type of partnership is possible only in the case of small organizations but not in case big concerns.

You might be interested in
In 2017, Oriole Corporation reported net income of $1,004,700. It declared and paid preferred stock dividends of $278,600. Durin
nexus9112 [7]

Answer:

$3.62

Explanation:

The dividend distributed to common share = total net income - dividend for preferred stock

=  $1,004,700 -  $278,600

=  $726,100

Earnings per share (EPS) = The dividend distributed to common share / common shares outstanding

= $726,100/ 200700

= $3.62

4 0
3 years ago
A very plain-looking résumé designed to be delivered via e-mail or an online e-form is a _______.
gayaneshka [121]
I think its a PDF File
5 0
3 years ago
Brock recently graduated from college and began his job as a media analyst earning $50,000 per year. He wants to start saving fo
Oliga [24]

Answer: discretionary

Explanation:

3 0
2 years ago
Angelina's made two announcements concerning its common stock today. First, the company announced that its next annual dividend
tensa zangetsu [6.8K]

Answer:

  • What is the maximum amount you should pay to purchase a share of Angelina's stock.

    $36,00

Explanation:

The dividend discount model state that the price of a stock should be the result of the Present Value of all of its future dividends, the Gordon growth model indicates that:  

Price per Share = D / (r - g)  = $2,16 / (0,10-0,04) = $36

Where:

D = the estimated value of next year's dividend  

r = The required rate of return

g = the constant growth rate

To this case the value is: $2,16 / (0,10-0,04) = $36

5 0
3 years ago
Eastern University had the following transactions at the beginning of its academic year: Student tuition and fees were billed in
Thepotemich [5.8K]

Answer:

100

Explanation:

hope this helps

5 0
3 years ago
Other questions:
  • g Closser Corporation produces and sells two products. In the most recent month, Product M50S had sales of $43,000 and variable
    15·1 answer
  • Mariah Dover cashed her $100 traveler's check in Riga, the capital of Latvia. At the current _____ rate, she received $61.82 in
    12·1 answer
  • Mixed drink containing two shots of 80 proof liquor should be counted as more than one standard drink true or false
    7·1 answer
  • Identify the events that relate to process gains. Event 1: A group of individuals who spend time together are seen as a group al
    7·1 answer
  • If steven's account balance is less than -$20.00, but greater than -$21.00 what could stevens account balance be? answer below :
    14·1 answer
  • Which of the following techniques will help the writer of an advertisement
    12·1 answer
  • Bakan Corporation has provided the following production and average cost data for two levels of monthly production volume. The c
    11·1 answer
  • Transactions Innovative Consulting Co. has the following accounts in its ledger: Cash, Accounts Receivable, Supplies, Office Equ
    13·1 answer
  • Milk is used in the production of cheese. Cheese and tofu are close substitutes in consumption. Milk and oreos are complements i
    11·1 answer
  • The vice president for BakerStone comes to you for help with sharing and supporting the new changes. Explain how she can use con
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!