Crane Cove Seafoods Limited Partnership is a limited partnership set up by the Eskasoni First Nation in

Question:

Crane Cove Seafoods Limited is a limited set up by the Eskasoni First Nation in Nova Scotia to manage the band's involvement in the commercial fishery. The and notes to its include the following excerpts:
PARTNERS' EQUITY
Partners' equity.............................................889,036...................1,132,522
............................................................$3,268,300..................$3,643,405
DESCRIPTION OF BUSINESS
The Crane Cove Seafoods Limited (the is registered under the Partnerships and Business Names Registration Act. The is a limited The general partner is the Eskasoni Benevolent General Partner Inc. and the limited partner is the Eskasoni First Nation.
The operates to represent the Eskasoni First Nation and its residents in all aspects of their involvement in commercial fisheries and management of selected community projects.
Instructions
What are the advantages to the company of operating as a limited rather than as a general Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...