Question: Match the following terms with their definitions: _ A. S Corp _ B. Dissociation _ C. Close corp _ D. Dissolution ___ E. Limited partnership

Match the following terms with their definitions:
___ A. S Corp
___ B. Dissociation
___ C. Close corp
___ D. Dissolution
___ E. Limited partnership
1. The first step in the process of terminating a partnership
2. Created by federal law
3. The general partner is liable
4. Created by state law
5. A partner leaves the partnership

Step by Step Solution

★★★★★

3.39 Rating (165 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

2 A S Corp 5 B Dissociation 4 C Close corp 1 D Dissol... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

86-L-B-L-B-O (1).docx

120 KBs Word File

Students Have Also Explored These Related Business Law Questions!

Match the following terms with their definitions erms Definition a. data processng cycle . Contains summary-level data for every asset, liability, equity, revenue, b. source documents c. tumaround...

Match the following terms with their definitions TERM a. Data processing b. Source documents c. Turnaround documents d. Source data automation e. General ledger f. Subsidiary ledger g. Control...

Match the following terms with their definitions: ___ A. EPA ___ B. ESA ___ C. NEPA ___ D. CERCLA ___ E. RCRA 1. Regulates the clean-up of hazardous wastes improperly dumped in the past 2....

There are two problems due this week (each worth 35 points) as follows. Problem 1.6 (page 20) In comprehensive paragraphs, answerrequirements a to e. You will have 5 paragraphs total of four to five...

Short answer: A foreman at Progressive Electric told employees that the company's president, "didn't want any union crap around here," and that "if the unions got into Progressive, Progressive would...

Short answer: 1. A foreman at Progressive Electric told employees that the company's president, "didn't want any union crap around here," and that "if the unions got into Progressive, Progressive...

1.Business ethics is the study of a. crimes and their potential punishments b. how people should act in the business setting c. respondeat superior d. victimization 2. Due Process is a. the warning...

Please scan the SEC Plain English that I've attached. Please visit to this link.http://www.sec.gov/Archives/edgar/data/320193/000119312513416534/d590790d10k.htm#toc590790_9 Please read pages 25...

This is my important final review for the test please give me a correct answers Please explain your answers: 1. Which of the following should be included in the physical inventory of a company? A)...

Match (by letter) the following terms with their definitions. Each letter is used only once. Terms ______ 1. Publicly held corporation. ______ 2. Organization chart. ______ 3. Articles of...

Avery Ltd is considering investing in a project that will cost a total of $480,000 and run for 5 years. The project is expected to return $160,000 per annum and have annual costs of $30,000. At the...

Why is it essential that the auditor not leave questions or exceptions in the audit documentation without an adequate explanation?

24. Consider the following hypothesis test: Ho: = 18 Hau 18 A sample of 48 provided a sample mean = 17 and a sample standard deviation s = 4.5. a. Compute the value of the test statistic. b. Use the...

How often is the committee expected to meet?

The Milwaukee County Juvenile Detention Center established a new policy that required each unit of the facility to be staffed at all times by at least one officer of the same gender as the detainees...

Nicole Tipton and Sadik Seferi owned and operated a restaurant in Iowa. Acting on a tip from the local police, agents of Immigration and Customs Enforcement executed search warrants at the restaurant...

The Metropolitan Government of Nashville and Davidson County, Tennessee (Metro) began looking into rumors of sexual harassment by the Metro School Districts employee relations director, Gene Hughes....

I need detailed process National Power currently has a stock price of $20 per share, with 1 million shares outstanding. It wants to raise $5 million of new equity in rights offering. With a...

Assets 2017 2018 Current assets Cash Accounts receivable Inventory $ 6,560 16,160 61,280 $ 84,000 $ 53,000 23,600 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity...

Accumulated Depreciation: Oa, increases when the monthly adjustment for dep a. increases when the monthly adjustment for depreciation is recognized b. is reported on the income statement with the...