Discussion Material 1

C faces double taxation whereas a limited partner

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Unformatted text preview: or who potentially has a claim on the cash flows of the firm. 5. Working capital management includes decisions concerning which of the following? I. accounts payable II. long- term debt III. accounts receivable IV. inventory A. I and II only B. I and III only C. II and IV only D. I, II, and III only E. I, III, and IV only 6. A general partner: A. has less legal liability than a limited partner. B. has more management responsibility than a limited partner. C. faces double taxation whereas a limited partner does not. D. cannot lose more than the amount of his/her equity investment. E. is the term applied only to corporations which invest in partnerships....
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This note was uploaded on 01/16/2014 for the course ENGR 111 taught by Professor King during the Winter '09 term at UCLA.

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