:A partnership agreement .Includes only the company address and capital of each partner A .Must be in a verbal form only .B O .Could be in written or verbal forms .C Must be in a written form only.D O

PLEASE ANSWER ALL OF THE QUESTIONS

S1: Forming a partnership requires two or more people agreeing partners Contributing all their personal properties. S2: Oral agreement partners are not allowed. * A. Statement 2 is true. B. Statement 1 is true. C. Both statements are false. D. Both statements are true. S1: A joint arrangement that is structured without a separate vehicle should be accounted as Joint Venture. S2: A joint arrangement that is structured without a separate vehicle should be accounted as Joint Operation? A. S2 True; S1 False B. Both statements are false C. s1 True; S2 False D. Both statements are true The interest of the retiring or withdrawing partner is usually measured by his capital balance before his retirement or withdrawal adjusted by the following adjustments except? A. profit or loss from the operation from the last closing date of the date of his retirement or withdrawal B. profit or loss after the date of the partner's withdrawal or retirement C. errors in net income in prior years D.…

A partnership that consists of two classes of partners, one that participates in management of the company and have unlimited liability, and another that does not participate in management and whose liability is limited to a stated amount is a: a. limited partnership b. general partnership c. limited liability partnership d. mutual agency

Indicate what is the difference between a general partnership and a limited liability company and when might each type of entity be used by completing the table below. Classify each characteristic as belonging to a "General partnership", a "Limited liability company", or both a "General partnership and limited liability company".     Characteristic belongs to ... a. Partners are considered members   b. Permitted to participate in management of the entity   c. Creditors collect from both partnership assets and partners.   d. The partners have unlimited liability for the entity's debt.   e. Absent a personal guarantee, no liability for the entity's debt.   f. Usually used for corporate joint ventures where the corporate partners are established with limited assets.

Which of the following apply to a partnership that consists solely of general partners?  I. Double taxation of partnership profits. II. Limited partnership life. III. Active involvement in the firm by all the partners. IV. Unlimited personal liability for all partnership debts. Group of answer choices II and III only. II only. II, III, and IV only. I and II only. I, II, and IV only.

Partnership agreements are an adviseable method to formalise the relationship where several people go into business together.   “Explain why a formal written partnership agreement is considered to be important and the typical contents you would expect such an agreement to contain.’   2. “If there is no written or verbal partnership agreement, how are the matters discussed in your answer to a) determined and what key items are covered?.’’

Which of the following is a false statement about a partnership? O A. It is an opportunity to pool talents and resources for the company. B. A partnership must have at least two owners. OC. It is a business with two or more owners that is not organized as a corporation. OD. It is a type of corporation in which the owners have limited liability for the organization's liabilities.

When a partnership is created, what is the contract called that gives the amounts invested by each partnership, how income and losses should be distributed, etc.? Group of answer choices partnership charter partnership partnership agreement none of these

A partnership where all partners may participate in management of the company, but whose personal liability is limited to that resulting from their own actions or those who are acting under their direct supervision is a: a. limited partnership b. general partnership c. limited liability partnership d. mutual agency