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Sholpan [36]
3 years ago
6

The advantage of a limited partnership business structure as opposed to a corporate business structure is:

Business
1 answer:
zysi [14]3 years ago
5 0

Answer:

D. limited liability

Explanation:

In a limited liability partnership, each partner's risk of losing personal assets is limited to the share capital he has invested. The limited liability partner is not liable for other partners deeds and losses incurred due to their negligence. His liability is limited to the share capital / equity he has invested in the business.

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What is the primary criterion of managerial accounting reports
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What is the primary criterion for the preparation of managerial accounting reports?

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Should accountants only focus on financial statements and not on production of managerial reports?
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4 0
3 years ago
The journal entry a company records for the issuance of bonds when the contract rate is greater than the market rate would be
ahrayia [7]

Answer:

C. debit cash, credit premium on bonds payable and bonds payable

Explanation:

Since the contract rate is greater than the market rate, the bond is issued at a premium. And, the journal entry is shown below:

Cash A/c Dr XXXXX

      To Premium on bonds payable A/c XXXXX

      To Bonds payable A/c XXXXX

(Being bond is issued at a premium is recorded)

When the bond is issued at a premium, we debited the cash account and credited the premium on bonds payable and bonds payable account

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3 years ago
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3 years ago
Listening skills are often as difficult to develop as speaking skills.<br><br> True<br> False
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