A general partner in a limited partnership is responsible for management duties in the business B None of these Has limited liability for partnership debts D Is liable for partnership liabilities only to the extent of the partner's capital investment m is protected from any malpractice or negligence claims resulting from the acts of another partner Dillon Snowboards Ltd issued 60 no-par-value common shares for $10,000. The amount of contributed capital arising from this transaction is A $600 B $10,000 $100 D $6,000 E $1,000 Rachael and Olivia are business partners in RO Dance. Their partnership agreement states that the partners will share income in a 3:2 ratio (Rachael; Olivia). For the year ended December 31, 2021, the partnership earned $120,000. During 2021, Rachael withdrew $20,000 cash from the business and Olivia withdrew $10,000 cash. How much income would be allocated to Olivia? A $80,000 B $40,000 $38,000 D $52,000 E $50,000 A corporation's distribution of its own shares to its shareholders without receiving any payment in return is a A Premium on shares B Share subscription Preferred share D Share dividend E Discount on shares