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
Vera_Pavlovna [14]
3 years ago
15

Which is the proper order for distribution of assets upon dissolution of a limited partnership? a. outside creditors; distributi

ons owed to partners; capital contributions; remainder split according to distribution agreement b. outside creditors; limited partners' profits; limited partners' capital; general partners' advances; general partners' profit; general partners' capital c. limited partners' capital; outside creditors; limited partners' advances; general partners' capital and profits d. none of the above
Business
1 answer:
max2010maxim [7]3 years ago
4 0

Answer:

from the given options, the answer is b. outside creditors; limited partners' profits; limited partners' capital; general partners' advances; general partners' profit; general partners' capital

Explanation:

This happens usually when the partenrship is dissolved. Then the assets must cover all the obligations the firm has.

it starts from the external creditors, and slowly goes to Limited Partner, who has more right to recieve funds than the general partners. This is because the limited parter is only liable for his amount of contribution.

Only after satisfying all the external obligations the general partners have the ability to pay themselves!

You might be interested in
Under market organization, individuals can communicate their preferences to other decision makers directly, through communicatio
salantis [7]

Answer:

B) False

Explanation:

The way the transaction takes place on the market is the Market Organization. Over time it's determined by a combination of factors: chance events (e.g., technical innovations, locations), financial and physical limitations (transaction costs, intelligence cost, manufacturing costs)etc.

8 0
4 years ago
Market Research Reading Quiz QUESTION 5 of 10: Market research concerns what aspects of your target market: a Characteristics b)
Sedaia [141]

Answer:

Do you still neeed help

Explanation:

6 0
3 years ago
If the population growth rate is 2​ percent, real GDP per person will double in 7 years if real GDP grows by​ ______ percent per
Valentin [98]

Answer:

With a population growth of 2%, the GDP has to grow 12.6% per year in order to real GDP per person double in 7 years.

Explanation:

It is necessary to state the formula to calculate the GDP growth per person in 7 years and some assumptions. Defining as base of population and GDP the number 100 (aleatory picked) we can write our equation: GDP per person in year 7 = 100(1+x)^7/100(1+0.02)^7=2 In this equation X is the fixed percentage of GDP growth. By iteration process, we get that X=12.6%

6 0
4 years ago
Digital photography replacing film photography would be an example of a(n) _____. Group of answer choices radical innovation reg
Ratling [72]

Answer:

disruptive innovation.

Explanation:

A disruptive innovation can be defined as an innovation that typically creates a new market for a product by displacing or removing an existing product from the market.

Digital photography replacing film photography would be an example of a disruptive innovation.

4 0
3 years ago
The difference between errors in the financial statemetns as compared to fraud is
Nataly [62]
Hello there!

There is quite a HUGE difference between these both. When being frauded or making a fraud, this would also be known as stealing money.

But when making a mistake in a statement, they can be things resolved faster than if a person were to steal money. When making this mistake, you could resolve this by explaining why this was a mistake and also what could you do to fix it as well.

Both of these kind of acts are seriously two major different things, they have nothing in common.

4 0
3 years ago
Other questions:
  • When a firm expects rapid imitation of its core technology by competitors, what should it do? A. Revert to old technologies B. O
    8·2 answers
  • You just won a prize that will pay you $800 today and $500 a year for the next three years. Which is the correct formula for com
    9·1 answer
  • If unnecessary government borrowing (deficit spending) and high tariffs are both harmful to the economy, why do governments in d
    8·1 answer
  • Sterling, Inc. is a manufacturer of state-of-the-art computers. For the past ten years, Sterling has acquired all of its microch
    15·1 answer
  • Justin's​ Electronics, Inc., in​ Nashville, produces short runs of custom airwave scanners for the defense industry. You have be
    13·1 answer
  • Tim spends his income on donuts (D) and coffee (C). Coffee is $2 per cup and donuts are $1 each. Assume that Tim has $10 to spen
    6·1 answer
  • Handy Man, Inc., has zero coupon bonds outstanding that mature in eight years. The bonds have a face value of $1,000 and a curre
    15·1 answer
  • Nancy and her daughter, Kathleen, have been working together in a cattery called "The Perfect Cat." Nancy formed the business se
    5·1 answer
  • Halp! I need an answer right away<br> Thank you
    5·1 answer
  • 20 points easy?………………………
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!