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kirill [66]
3 years ago
12

which of the following describes an important difference between general partnership and limited partnerships

Business
2 answers:
dexar [7]3 years ago
8 0
The main difference between a general partnership and a limited partnership is that "<span>A general partnership has unlimited liability for all partners while a limited partnership has limited liability." In addition, the liability of the personal assets in a general partnership is its obligation.</span>
mezya [45]3 years ago
7 0

Answer:

A general partnership has unlimited liability for all partners while a limited partnership has limited liability

Explanation:

Correct on a pex

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On January 1, Year 1, Savor Corporation leased equipment to Spree Company. The lease term is 9 years. The first payment of $698,
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Answer:

The interest revenue will Savor record in Year 1 on this lease at 9% is $347,697

Explanation:

Present value of Lease Payment = $4,561,300

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2 years ago
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3 years ago
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How are dividends and dividends payable reported in the financial statements prepared at december 31
Agata [3.3K]

Answer:

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2. Dividends payable are reported in the Balance Sheet as current liabilities.

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