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True [87]
3 years ago
10

If a partner in a limited partnership dies, the partnership ceases to exist. true

Business
1 answer:
noname [10]3 years ago
3 0
True, once one of the partners die its over. Just like when a spouse die they become a widow and aren't married anymore, which is also why at the wedding people say "until death do us part". Once dead the partnership is over.
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Answer:

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= $480,000 - $340,000/$40,000

= 3.5

Current assets = $120,000 + $340,000 + $20,000 = $480,000

Current liabilities = $20,000 + $20,000 = $40,000

Explanation:

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