A partner <u>cannot</u> be held liable for a partnership obligation only if he or she participated in, or knew about, whatever it was that gave rise to the obligation.
<h3>What is
partnership?</h3>
Partnership arrangements come in many different forms. One type of business where partners may have minimal liability is a partnership where all participants share profits and liabilities equally. Additionally, there is the so-called "silent partner," when one party does not participate in the day-to-day management of the company.
- An agreement between two or more people to manage a business' operations and divide its assets and liabilities is known as a partnership.
- All partners in a general partnership corporation split the company's assets and debts equally.
- Lawyers and other professionals frequently create limited liability partnerships.
A partnership may have tax advantages over a corporation.
To learn more about partnership from the given link:
brainly.com/question/22848646
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I feel that the answer would be C as that would give it the most time to grow and build, but I have heard many times that IRA's can be better as far as tax. I would go with C, unless your class has specifically been leaning about IRA's.
when the nation went through a deep recession in the early 1980s and 2007-2009, the unemployment rate reached A. 10%.
<h3>what was the unemployment rate in 2007-2009?</h3>
after the disastrous Great Recession started in late 2007, companies were forced to terminate people's contracts to stay afloat.
this led to unemployment reaching levels of around 10% of the labor force. This had not been seen in the U.S. since the early 1980s.
options for this question include:
A. 10%. B. 20%. C. 30%. D. 40%.
find out more on the recession of 2008 at
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Answer:
None of the above
Explanation:
Companies can shorten their cash cycles by turning over their inventory faster. The quicker a company sells its goods, the sooner it takes in cash from cash and credit card sales and begins its accounts receivable aging. Inventory turnover has no impact on the cash cycles of service companies with no inventory.
What is the primary criterion for the preparation of managerial accounting reports?
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meet managers need
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