Answer:
b. doctrine of constructive
Explanation:
According to the doctrine of constructive, the company or the people under the provisions of the companies law should have the knowledge of memorandum of association and the article of association but there is an exception towards the indoor management
Here in the given situation, represents the doctrine of constructive scenario
Hence, the correct option is B.
This is true. They want their money back but they also want to make money so they do this. Hope this helps! ;)
Answer:
enduring;
situational
Explanation:
The concept of enduring participation implies the existence of a long-term relationship, regardless of the current situation.
Situational participation depends on the moment and how attractive the event is in a specific period of time.
Answer:
Explanation:
Back in the day you can buy so much with a dollar, as of today yes you can buy a candy bar but back then you can buy a whole steak for a $1
The entry to record this transaction in the books of the partnership will include a debit to T. Wiley, Capital.
How are profits and losses allocated to partners in a partnership?
The subsequent allocation of this profit or loss to each partner's capital accounts is done according to their respective percentages of ownership in the company. For instance, the allocation is a debit to the income summary account and a credit to each capital account if there is a profit in the income summary account.
<h3>
Is the Wiley family still involved in the company?</h3>
The involvement of the Wiley family is ongoing, with sixth-generation members (and siblings) Peter Booth Wiley serving as the non-executive chairman of the board and Bradford Wiley II serving as a director and past chairman of the board, even though the company is run by an independent management team and Board of Directors.
<h3>
How are profits and losses split in a partnership?</h3>
By definition, participants in a partnership split the gains and losses. The earnings and losses of partnerships are frequently divided evenly among the partners. The distribution will be proportionate to the partners' relative ownership shares if they are not equal.
Learn more about limited partnership:
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