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cupoosta [38]
3 years ago
10

Marisa was a CPA who formed a partnership with another CPA, Dave. They formed a limited liability partnership (LLP). If Marisa n

egligently fails to correctly calculate a client's tax liability, resulting in fines to the client:
A) Marisa is personally liable, since she was negligent, but not Dave, who was not negligent.
B) Marisa and Dave are both personally liable, since the tort occurred in the course of business, and, as professionals, they retain personal liability.
C) Neither Marisa nor Dave are individually liable since the as members of a limited liability company they are shielded from personal liability.
D) Neither Marisa nor Dave is individually liable in states that recognize limited liability companies.
Business
2 answers:
Otrada [13]3 years ago
7 0

Explanation:

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satela [25.4K]3 years ago
7 0
I believe it’s A) Marisa is personally liable
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Common stock's par value ______. (Check all that apply.) Multiple select question. has become less meaningful because states use
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Also, Common Stock's par value "<u>was introduced to prevent bankrupt companies from unfairly distributing company resources."</u>

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Learn more about Common stock's par value here: brainly.com/question/3521865

7 0
2 years ago
Why is the profit motive considered an incentive in a market system?
dsp73
Inventive is to make more money because businesses can make more profit where money is expected.
Minimize costs and maximize revenues. .
7 0
3 years ago
Bark Company is considering buying a machine for $240,000 with an estimated life of ten years and no salvage value. The straight
cupoosta [38]

Answer:

option (c) 8 years

Explanation:

Data provided in the question:

Cost of the machine = $240,000

Useful life = 10 years

Salvage value = 0

Net income = $6,000 each year

Now,

Using the straight-line method of depreciation

Annual depreciation = [ Cost - Salvage value ] ÷ Useful life

= [ $240,000 - 0 ] ÷ 10

= $24,000

Thus,

Cash flow = $6,000 + $24,000

= $30,000

Therefore,

The payback period = ( Cost ) ÷ ( Cash flow )

= $240,000 ÷ $30,000

= 8 years

Hence,

the correct answer is option (c) 8 years

3 0
3 years ago
If you buy the stock and plan to sell it 3 years from now, what are your expected cash flows in (i) year 1; (ii) year 2; (iii) y
Goryan [66]

Answer and Explanation:

Year 1 Dividend = 1.04

Year 2 Dividend = 1.08

Year 3 Dividend = 1.12

Year 3 Sale of Stock = 14.62

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Year 3 Total Cash Flow = 15.74

3 0
3 years ago
A group of management consultants is studying OGSI Manufacturing and its team management strategy. Once Pete Jazoni's work group
boyakko [2]

Answer:

the Hawthorne effect

Explanation:

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3 years ago
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