15 General partnership ut of Select one: a. a partnership in which one or more of the partners has limited liability, restricted to the amount of capital he or she invests in the partnership b. a partnership in which all partners are fully liable for the indebtedness incurred by the partnership c. an association of two or more individuals joining together as co-owners to operate a business for profit uestion n 16 Company A reports sales of $100,000 and net income of $15,000. Company B reports sales of $100,000 and net income of $10,000. Therefore, d out of question Select one: a. Company A's cash flow is $5,000 more than Company B's cash flow b. Company B is creating less value for its shareholders than Company A C. Company B's accounts receivable must be higher than Company A's accounts receivable d. Company A's cash flow may be higher or lower than Company B's cash flow even though A's net income is higher on 17 Project A is expected to generate positive cash flow of $1 million in 10 years while Project B is expected ed out of question Select one: a. Project B may be preferred to Project A if the opportunity cost of money is high enough O b. Project B is preferred because its cash flow is expected to be received sooner than the cash flow from Project A O c. Both projects have equal value because they average $100,000 per year d. Project A is preferred because shareholder value is based on cash flow