A general partnership, like a limited partnership, is an entity that legally functions connected and shortly from its owners.

Select one: True False ................ A problem with a balance sheet based on historical costs is that in a period of inflation a company with old fixed assets will show a much better return on investment than a similar firm with new fixed assets

Select one: True False .,...............

Assets are listed in order of increasing liquidity on the balance sheet.

Select one: True False ............ just answer please....