Nick is a LIMITED PARTNER in this partnership. A limited partner is one who contributed to the formation of a company in form of capital but who is not actively involved in the day to day running of the business and his liability in the business is limited to the extent of his investment.
Answer:
False
Explanation:
In financial accounting, statement of cash flows is a financial statement that deals with only cash and cash equivalents by presenting a summary of cash and cash equivalents leave a company and also enter the company.
The cash flow statement gives an indication of the level of cash position management by the a company, which implies the level of cash generated by the company used in settling debt obligations and paying for operating expenses by the company.
The statement of cash flows therefore reveals the effect on cash and cash equivalents of changes that occurred in the income statement and balance sheet over a period of time.
In summary, the statement of cash flows presents how cash from operating, investing, and financing activities during a specific period.
<u>Scientific notation:</u>
To write an amount in scientific notation the amount is written as multiplication of exponent of 10. In the given case we are asked to write the GDP of Germany 3.65 trillion in Scientific notation. The GDP is given 3.65 trillion and 1 trillion = 1,000,000,000,000. So we can write it as follows:
= 3.65 * 1 trillion
= 3.65 * 1,000,000,000,000
= 3.65 * 10^12
Hence the GDP of Germany in 2008 is <u>3.65 * 10^12</u>
