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
faust18 [17]
3 years ago
13

Which of the following statements is correct concerning liability when a partner in a general partnership commits a tort while e

ngaged in partnership business? A. The partner committing the tort is the only party liable. B. The partnership is the only party liable. C. Each partner is jointly and severally liable. D. Each partner is liable to pay an equal share of any judgment.
Business
1 answer:
Daniel [21]3 years ago
6 0
The answer is “A”. “The partner committing the tort is the only party liable.
You might be interested in
Requiring industries to recycle 25% of plastics in their manufacturing process is an example of:
vodka [1.7K]
<span>By requiring industries to recycle 25% of plastics in their manufacturing process is one way to prevent pollution and save our environment. We all know that most plastics are not biodegradable, it means that they cannot be decomposed naturally no matter what you do to it. Burning plastic would even harm our environment. In that being said, recycling them would be a better choice. By reusing plastics, the number of it that would just contribute to the world's pollution would be reduced.</span>
4 0
3 years ago
The bank statement contained two bank memoranda:1. A credit of $2,242.00 for the collection for Bogalusa Company of an electroni
serious [3.7K]

Answer:

Cash                         2,157 debit

bank service expense 85 debit

   account receivables 2,242 credit

Explanation:

To record the bank memorand:

The collection in behalf of the firm will increase cash

The new print the checks will be considered either miscellaneuos expense or bank service expense either way, will decrease cash.

Net cash variation: 2,242 - 85 = 2,157

For the Company errors another entry will be made looking for errors between our numebrs and the bank.

5 0
3 years ago
Explain why the Governmental Accounting Standards Board (GASB) and the Financial Accounting Standards Advisory Board (FASAB) inc
Irina18 [472]

Answer:

Please refer the reason in detail below

Explanation:

For state and local government entities, additional standards are promulgated by the Governmental Accounting Standards Board ("GASB") and for the federal government, additional standards are promulgated by the Federal Accounting Standards Advisory Board ("FASAB").

GASB considers budgetary comparisons as an important part of the basic financial statements and financial reporting and therefore include budgetary comparisons in their concept statements

4 0
3 years ago
Holly took a prospective client to dinner, and after agreeing to a business deal, they went to the theater. Holly paid $350 for
Brut [27]

Answer: $175

Explanation:

Here we can see that the business discussion happened only at dinner.

After Dinner they went for entertainment at the Cinema so that amount is not deductible as a business Expense.

The only amount deductible is the $350 for the meal.

Meals with clients are considered to be 50% deductible so solving for that we have,

= 350 * 0.5

= $175

$175 is amount of the expenditures that Holly can deduct as a business expense.

7 0
3 years ago
Carl's monthly take-home pay is $2000, and his monthly rent is $500. if both his monthly take-home pay and his rent increase by
sleet_krkn [62]
5% if I am correct please tell me if I am! Thank you!
4 0
3 years ago
Read 2 more answers
Other questions:
  • The number one reason for failure of new business is
    15·1 answer
  • what is the amount of the overall tax (corporate level + shareholder level) on the $590.000 of pre-interest expense earnings if
    15·2 answers
  • Marginal benefit is A. the additional benefit from consuming one more unit. B. a legally determined maximum price that sellers m
    7·1 answer
  • Knight Company reports the following costs and expenses in May.
    8·1 answer
  • As an investor, what is the risk involved when investing in companies on the stock
    6·1 answer
  • A principle of the human relation approach is that .
    12·1 answer
  • Which of the following is the best advice for written communication that is highly important?
    12·1 answer
  • Which of the following is an investigator’s commitment to the sponsor?
    9·1 answer
  • 1. A public relations manager plans to delegate crisis communications responsibilities to a subordinate. What characteristic wil
    14·1 answer
  • When Nestor's U.S.-based company purchased a manufacturing facility in China, the company decided to increase the output of the
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!