Iii those owing to limited partners by way of their

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College Accounting, Chapters 1-27
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Chapter 19 / Exercise 4
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III.Those owing to limited partners by way of their share in the profits and other compensation by way of income. IV.Those owing to limited partners in respect to the capital of their contributions. V.Those owing to general partners in respect of capital. VI.Those owing to general partners in respect of profits. A.I, II, III, IV, V, VI. B.II, I, III, IV, V, VI. C.II, I, III, IV, VI, V. D.II, III, IV, I, VI, V. Answer: d
40. Which of the following will not cause the automatic dissolution of a limited partnership?
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College Accounting, Chapters 1-27
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Chapter 19 / Exercise 4
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41. One of the distinctions between a partnership and a corporation is that a partnership:
42. Josephine, Ellen, Wilma, Edith and Lydia are partners in JEWEL Company, Ltd, Josephine, Ellen and Wilma are general partners, Edith is a general-limited partner, while Lydia is a limited partner. Based on the foregoing information, which of the following statements is false?
44. Which of the following will not cause the automatic dissolution of a general partnership? a.Death of a partner.
b.Insolvency of a partner. c.When the partnership bUsiness becomes unlawful. d.Insanity of a partner. Answer: d

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