Ly Test 3 ~ Lyryx Learning Inc - Google Chrome - X lifa1.lyryx.com/quiz-servlets/QuizServlet?ccid=11218 Judith Grimm, Capital. 140,000 X + + Judith Grimm, Withdrawal. 14,200 Kevin Smith, Capital. 100,000 X + + Kevin Smith, Withdrawal 9,900 X + + Land. 36,500 Machinery. 12,600 Merchandise Inventory. 3,900 Mortgage Payable (due November, 2020) 15,400 Rent Earned 5,200 Rent Payable. 12,000 Salaries Expense 28,700 Trademark 20, 100 Question 2 [5 points] Choose the term that best matches each of the following descriptions: a) select answer In a LLP, people who are responsible for the management of the partnership and assume unlimited liability. b) select answer | The distribution of the business's income to the owner. c) select answer A form of partnership that is permitted for professionals such as lawyers and accountants, and has limited partners with limited liabilities. d) select answer |A partner can commit the partnership to any contract because each partner is an authorized agent of the partnership. e) select answer In a LLP, people who have limited liability but also limited roles in the partnership as specified in the partnership agreement. Time Remaining: 115:50 SUBMIT AND MARK Type here to search O Si e 08:37 -1"C Sunny ^ O B /() ENG 22-11-2021