Cindy is one of 50 limited partners in a real estate investment limited partnership. The general partner is Evergreen Corporation. Evergreen Corporation invested $500,000 in the partnership and each of the limited partners all of whom are natural persons, invested $10,000. Evergreen has four shareholders. If the real estate partnership is dissolved at a time when it has debts exceeding assets, which of the following is true?A) Because having a corporation means that no partner in the limited partnership has unlimited liability, the shareholders of the corporation would have unlimited liability. B) Neither the corporation nor the limited partners would be required to contribute any assets toward the satisfaction of the unpaid obligations of the limited partnership. C) Because having a corporation means that no partner in the limited partnership has unlimited liability, the limited partners would have unlimited liability. D) The limited partners would not need to contribute any amounts to the satisfaction of the debts, but the assets of the corporation would be available for this purpose.
Answers: 2
Other questions on the subject: Business
Business, 21.06.2019 20:30, asalaslex133369
As a group is leaving, you ask them if they had a good experience at the restaurant. they mention that they had poor service and their food was cold. a. apologize and ask them to give the restaurant another chance in the future. you tell them that guests usually have a great experience here. b. apologize then ask for the server’s name and immediately notify the manager after they leave. c. apologize for the bad experience and ask them to wait as you call the manager to talk to them. d. apologize for the bad experience and encourage them to complete the customer service survey. this feedback will ensure other guests do not have the same experience.
Answers: 2
Business, 21.06.2019 21:00, coolkitty35
According to maslow's hierarchy of needs theory, which of the following would be an issue that requires the fulfillment of a lower order need? a)the need for a challenging project at work. b)the need for a promotion at work. c) the need to locate your business in an area with a low crime rate. d)the need for a mentor to you ascend within the company. none of the above
Answers: 3
Business, 22.06.2019 04:10, jennifer9983
Oakmont company has an opportunity to manufacture and sell a new product for a four-year period. the company’s discount rate is 18%. after careful study, oakmont estimated the following costs and revenues for the new product: cost of equipment needed $ 230,000 working capital needed $ 84,000 overhaul of the equipment in year two $ 9,000 salvage value of the equipment in four years $ 12,000 annual revenues and costs: sales revenues $ 400,000 variable expenses $ 195,000 fixed out-of-pocket operating costs $ 85,000 when the project concludes in four years the working capital will be released for investment elsewhere within the company. click here to view exhibit 12b-1 and exhibit 12b-2, to determine the appropriate discount factor(s) using tables.
Answers: 2
You know the right answer?
Cindy is one of 50 limited partners in a real estate investment limited partnership. The general par...
Questions in other subjects:
Mathematics, 10.02.2021 22:20
History, 10.02.2021 22:20
Mathematics, 10.02.2021 22:20
Mathematics, 10.02.2021 22:20
Mathematics, 10.02.2021 22:20
Mathematics, 10.02.2021 22:20
