All of the following are true about limited partners except: Review Later Limited partners share profits of the business. Limited partners are only liable for up to the amount of contribution they made to the firm's capital. Limited partners contribute capital in the form of cash or other assets. Limited partners take part in the management of the company.
All of the following are true about limited partners except: Review Later Limited partners share profits of the business. Limited partners are only liable for up to the amount of contribution they made to the firm's capital. Limited partners contribute capital in the form of cash or other assets. Limited partners take part in the management of the company.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ma1.
Please give only typed answer.
All of the following are true about limited partners except:
Review Later Limited partners share profits of the business.
Limited partners are only liable for up to the amount of contribution they made to the firm's capital.
Limited partners contribute capital in the form of cash or other assets.
Limited partners take part in the management of the company.
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