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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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3 0
3 years ago
For consideration, Hazel orally promises to pay Jill $750 a month, on the first day of every month, for as long as Jill lives. H
Aliun [14]

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3 years ago
Which is not a way that government provides incentives for innovation
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8 0
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GenX has a target capital structure of 40 percent common stock, 5 percent preferred stock, and 55 percent debt. Its cost of equi
AVprozaik [17]

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12.085 %

Explanation:

WACC = Cost of Equity x Weight of Equity + Cost of Preference Stock x Weight of Preference Stock + Cost of Debt x Weight of Debt

Remember to use the after tax cost of debt :

after tax cost of debt = interest x ( 1 - tax rate)

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