Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. i need help with this question. please indicate th

I need help with this question. Please indicate the correct answer and it's regarding Canadian...

60.1K

Verified Solution

Question

Accounting

imageI need help with this question. Please indicate the correct answer and it's regarding Canadian Business Law in Alberta

Which of the following statements is correct with respect to limited partnerships? 1) A limited partner always has limited liability; they are exactly like a shareholder in a corporation. 2) A limited partner can lose his status as a limited partner by participating in the management of the business. 3) A limited partnership is created where all of the partners state in the partnership agreement that they will not be responsible for debts arising out of the partnership business and register this with the government. 4) Limited partnership refers to the fact that some partnerships are only created for a limited period of time

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

You have recently learned that the hospital that you work in is experiencing a MRSA outbreak....

Finance
1.2K views

Solve part (c) and (d) of this problem below: XYZ plc has been offered the following...

Advance Math
1.2K views

what combinations using only 0, 1,2, then transform that number to base 3, can give 7...

Biology
1.2K views

27 Match the following 1 flower bearing plant 2 the condition of having anisogametes gametes...

Physics
1.2K views

The displacement of a progressive wave is represented by y Asin kx ot where x...

Geometry
1.2K views

If the ratio for the sin Z 7071 what is the m Z Hint Use...

Geometry
1.2K views

28 In the figure a and are positive angles CL a 9 b 18 e...

Basic Math
1.2K views

Consider the following proposition p over the set S 1 2 10 p x x...

Calculus
1.2K views

A radio tower has a 42 foot shadow cast by the sun If the angle...

Accounting
1.2K views

Puma, a leading global sportswear and athletic company, has experienced significant growth and...

Accounting
1.2K views

Eastland College instructors and students are asking to review a new computer tutorial. Peter, author...

Accounting
1.2K views

Pension data for Goldman Company included the following for the current calendar year:Service cost$ 106,000PBO,...