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ss7ja [257]
3 years ago
5

What is the preferred method of resolving a partner's deficit balance, according to the Uniform Partnership Act?

Business
1 answer:
olga_2 [115]3 years ago
3 0

Answer:

e. The partner with a deficlt balance contributes personal assets only If those personal assets exceed personal lablties.

Explanation:

The Uniform Partnership Act is a provision that resolves conflicts in a partnership that is not addressed in the partnership agreement.

The Act is used mostly with small and informal partnerships.

It has been adopted in all states except Louisiana.

Partners must settle their debts in order to redeem their interest in the partnership.

UPA provides that partner with deficit contributes personal assets only If those personal assets exceed personal liabilities.

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company pays each of its workers on a per diem basis. if another worker is​ hired, fixed costs will increase while variable cost
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<h3>What is the difference between fixed and variable?</h3>
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A company pays each of its workers on a per diem basis. If another worker is​ hired,

variable costs will increase while

fixed cost will remain the same.

To learn more about fixed cost, refer to:

brainly.com/question/3636923

#SPJ4

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hack

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