Question: Question 38 Sharma Management , Inc . is closely held , and it is the general partner for Mining #1 and Mining #2. Sharma Management

Question 38 Sharma Management , Inc . is closely held , and it is the general partner for Mining #1 and Mining #2. Sharma Management Inc.'s financial interest in these two limited partnerships is immaterial to it. Sherry Solomon , a member , has an investment that is not material to his net worth in the limited partnership Mining #1. Sherry Solomon has no investment in either Sharma Management or Mining #2. Which of the following statements is correct ? (A) Sherry Solomon is not independent of Mining #2 or Sharma Management , Inc. O B) Sherry Solomon is independent of Mining #2 but not of Sharma Management , Inc. C) Sherry Solomon is independent of both Mining #2 and Sharma Management , Inc. D) Sherry Solomon is independent of Sharma Management , Inc . but not of Mining #2

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