Which TWO of the following describe a partner's drawings from the business in which they are a partner?
A: Reduction in that partner's equity in the partnership.
B: Reduction in the net assets of the partnership.
C: Salary paid to the partner.
D: An expense of the business.
A: Reduction in that partner's equity in the partnership.
B: Reduction in the net assets of the partnership.
C: Salary paid to the partner.
D: An expense of the business.
举一反三
- business partner whose potential financial loss in the partnership will not exceed his or her investment in that partnership is called a limited partner. （ ）
- A business partner whose potential financial loss in the partnership will not exceed his or her investment in that partnership is called a: A: generally partner B: sole proprietor C: limited partner D: corporate shareholder
- Which of the following is not advised when welcoming a business partner?
- Which one of the following best describes the primary advantage of being a limited partner rather than a general partner? A: entitlement to a larger portion of the partnership's income B: ability to manage the day-to-day affairs of the business C: no potential financial loss D: greater management responsibility E: liability for firm debts limited to the capital invested
- Which topic is suitable when chatting with your business partner from America.