The term __________ refers specifically to geologic mountain building.

In a limited partnership, the general partners should encourage the limited partners to take a more active role in the operation

Lemur [1.5K]

Answer: False

Explanation:

A limited partnership is a form business partnership formed by at least one general partner and at least one limited partner(also known as the silent partner).

The general partner is responsible for the supervision of the daily operations in the business and also personally bears the liability of the business: while the limited partner only role in the business is to support the business with capital and shares in the business profit but doesn't personally carry the burden of the business liability.

7 0

3 years ago

if a start up business owner invests $25,000 cash and then borrows $15,000 from a bank, the owner's equity would be

ss7ja [257]

The owner's equity would be $10,000

<h3>What is owner's equity?</h3>

Owners Equity is the residual interest that represents the portion remained to the investors such as partners and shareholders.

This is computed by deducting liabilities from the asset account, which includes capital accounts and retained earnings.

Using the accounting equation,

Assets = Liabilities + Equity

$25,000 = $15,000 + Equity

Equity = $25,000 - $15,000

Equity = $10,000

Therefore, owner's equity would be $10,000

Learn more about owner's equity here: brainly.com/question/11110287

7 0

2 years ago

Bekah is an adviser for the company Vicoltech, which deals heavily in investments. Bekah also advises several other clients in h

photoshop1234 [79]

Answer: d. Bekah was still exempt from the SEC’s reporting requirements.

Explanation:

Here are the options:

a. Indeterminable with current information

b. Bekah was required to register with the SEC, but not required to report information to

c. Bekah was required to begin reporting information to the SEC.

d. Bekah was still exempt from the SEC’s reporting requirements.

The Dodd-Frank Act is a comprehensive bill which places very strict regulations on the banks and lenders in order to help protect the consumers and also help in the prevention of economic recession

Based on the scenario in the question, Bekah will still be exempt from the SEC’s reporting requirements because in the Dood-Frank Act, it was stated that advisers that are only working in the same state with their clients are exempted from reporting requirements with the Security Exchange Commission.

3 0

3 years ago

If an occupation is projected to grow by 13% over the next 10 years, how would you rate the job outlook?

Rus_ich [418]

D weak because is d so i hope i helpes

5 0

3 years ago

Read 2 more answers

The prepaid insurance account had a beginning balance of $6,600 and was debited for $2,300 for premiums paid during the year. Jo

____ [38]

Explanation:

The adjusting entry is as follows

Insurance expense A/c Dr $4,800

To Prepaid insurance A/c $4,800

(Being the insurance expense is recorded)

The computation is shown below:

= Beginning balance + debited amount - unexpired insurance amount

= $6,600 + $2,300 - $4,100

= $4,800

So while preparing the adjusting entry, we debited the insurance expense account and credited the prepaid insurance account

8 0

2 years ago