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Explain the nature of Nerissa's personal flabile, if amy, in each of the following sltuationa: a. Northeast Productions Company ls a sole proprielorafap owned by

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Explain the nature of Nerissa's personal flabile, if amy, in each of the following sltuationa: a. Northeast Productions Company ls a sole proprielorafap owned by Ms. Smith. b. Northeast Productions Company is a 5050 general partnership of Nerlese Snith and Rogor Brown c. Northeast Productions Company is a fimited partnershp where Nerissa. Sinth is a tmifed parther. d. Northeast Productiorss Company is a corporation. a. If Northeast Productlons Company is a sole proprietorship owned by Ms Smith: (Select the hest answer betow) X A. Ms: Smith has limked Eablity. which is the amount of $108000 in urpaid debts B. Ms. Smith has unlimited lability, which means cedters can only claim against the 547,060 she invested. C. Ms Smith has limized liability. which guarantees that she cannot lose moce than the 54T,000 she invested * 0. Ms Smith hag lost her 547,000 investment and has unimited personal llablity. so she is also liable for tho firmis $108,000 in unpaid debts b. If Northeast Productions Company is a 5050 partnershla of Nerissa Smith and Regor Brown.- Select the hest answar baloie ) A. Ms Smith has unlimited liability, which means crediors can only claim against the $47000 she invested. B. Ms. Smith has limiled liablity, which goaranteos that ake cannot loce moce than the 547.000 she lnvested. partner cannet cover half the debt. Ma. Smith is Table for the full amount : D. Ms. Smith has limited liability, which is $54,000 or half of the 5108,000 h unpald beots

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