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- Which of the following statements is most true? a. The liability for other partners’ wrong doings is limited to the amount a particular partner has invested in the partnership. b. Partnerships are formed in accordance with specific guidelines that include the filing of a formal written agreement to the government. c. A fast growing firm would be more probable to establish a partnership as its business form than would a slow growing firm. d.Corporations can easier attract investors than those of the partnership and sole proprietor businesses.Assess the truth of this statement: The transaction of a partnership that is recording cash invested by a partner should be recorded as a debit to cash and a credit to the individual partner's drawing account. O This statement is true. O This statement is false. O There is not enough information to determine whether or not this statement is true. O This statement is not applicable to accounting concepts.a) A minority shareholder who has a drag-along right is entitled to: sell her shares to the majority shareholders at a pre-agreed price. buy the shares of the majority shareholders at a pre-agreed price. sell her shares along with and at the same terms and conditions as the majority shareholders. force other shareholders to sell their shares along with her if certain conditions are met. None of the above. b) The purpose of a negative pledge on the borrower's assets in an unsecured bank loan agreement is to ensure that the loan is senior to other loans of the borrower. ensure that the loan is subordinated to other loans of the borrower. prevent the borrower from issuing any bonds in the future. ensure that the borrower cannot subsequently take up other loans with a different lender, securing the subsequent loan with the borrower's assets. ensure that the borrower cannot subsequently lend money to other firms without insisting on collaterals to secure the loan.
- Describe the difference between a right of first refusal, an option agreement and a buy-sell agreement. Which type of transfer restriction can guarantee a buyer for a shareholder's investment in the event of death, retirement or disability?Assess the truth of this statement: The normal balance of a partner's capital account is a credit balance. Group of answer choices This statement is true. This statement is false. There is not enough information to determine whether or not this statement is true. This statement is not applicable to accounting concepts.3. Which one of the following situation a partnership firm will have goodwill? a.The firm is availing a loan from a bank b.The firm is earning a normal profit c.The firm is incurring a loss d.The firm is earning a super profit
- Compared to other investments, which of the following is not a disadvantage of investing in real assets? The initial amount of money is usually large The absence of a relatively efficient, liquid market High transaction and incidental costs All of the above are disadvantages The most significant advantage(s) of limited partnerships are: limited liability of limited partners, and direct assignment of profits and losses to the partners. unlimited liability of general partners. favorable tax treatment of capital gains and management participation features. None of the aboveWhat is the main difference between organizing a real estate venture as a corporation versus a general partnership? How does a limited partnership have some of the characteristics of both?Please help me with show all calculation thanku
- Select the best answer. Which of the following statements regarding various entities is true? O O O A. A business entity with only one owner is classified as a corporation or is disregarded. ion Q 10 B. A disadvantage of a pass-through entity is double taxation. C. By default, an eligible entity that has a single member will be treated as a limited partnership. Partnerships are taxpaying entities, because tax attributes pass through to the individual partners. O D. Submit Answers 100% Complete ExitEven though, from an accounting standpoint, partnerships are separate entities from the partners, why is it important for people to form partnerships with people they can trust?Assess the truth of this statement: One of the rules of debits and credits and account balances for a partnership is that assets increase as debits. Group of answer choices This statement is true. This statement is false. There is not enough information to determine whether or not this statement is true. This statement is not applicable to accounting concepts.
