2. W, X, Y and Z organized a general partnership with W and X as industrial partners and Y and Z as capitalist partners. Y contributed P50,000 and Z contributed P20,000 to the common fund. By a unanimous vote of the partners. W and X were appointed managing partners, without any specification of their respective powers and duties. A applied for the position of Secretary and B applied for the position of Accountant of the partnership. The hiring of A was decided upon by W and X, but was opposed by Y and Z. The hiring of B was decided upon by W and Z, but was opposed by X and Y. a. Should A be hired as Secretary? Why or why not? ( b. Should B be hired as Accountant? Why or why not? da
2. W, X, Y and Z organized a general partnership with W and X as industrial partners and Y and Z as capitalist partners. Y contributed P50,000 and Z contributed P20,000 to the common fund. By a unanimous vote of the partners. W and X were appointed managing partners, without any specification of their respective powers and duties. A applied for the position of Secretary and B applied for the position of Accountant of the partnership. The hiring of A was decided upon by W and X, but was opposed by Y and Z. The hiring of B was decided upon by W and Z, but was opposed by X and Y. a. Should A be hired as Secretary? Why or why not? ( b. Should B be hired as Accountant? Why or why not? da
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:2. W, X, Y and Z organized a general partnership with W and X as industrial partners
and Y and Z as capitalist partners. Y contributed P50,000 and Z contributed
P20,000 to the common fund. By a unanimous vote of the partners. W and X
were appointed managing partners, without any specification of their respective
powers and duties.
A applied for the position of Secretary and B applied for the position of
Accountant of the partnership.
The hiring of A was decided upon by W and X, but was opposed by Y and Z.
The hiring of B was decided upon by W and Z. but was opposed by X and Y.
a. Should A be hired as Secretary? Why or why not? (
b. Should B be hired as Accountant? Why or why not?
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