The question:

Question 21 (Mandatory) (2 points) A joint venture typically relates to the carrying out of a single enterprise or transaction. True False Question 22 (Mandatory) (2 points) In conformity with state law, five accountants formed a limited liability partnership. The partnership is dissolved at a time in which debts exceed assets. Which of the following is true? O a) The limited partners are personally liable for the debts of the partnership regardless of whether there was a general partner. (b) The limited partners are not personally liable for the debts of the partnership only if the creditors specifically agreed not to hold them personally liable. c) The limited partners are not personally liable for the debts of the partnership. (d) The limited liability partnership must continue as a legal entity until the debts are paid