Question
Face value is normally used to value what kind of contributions to the partnership: * Industry Properties or non-cash assets Cash None of the choices
Face value is normally used to value what kind of contributions to the partnership: * Industry Properties or non-cash assets Cash None of the choices All of the choices Which of the following is not one of the basic shareholders' rights? * O The right to participate in earnings The right to maintain a proportional interest in the corporation The right to participate in the proceeds of the sale of corporate assets upon liquidation of the corporation The right to inspect the accounting records of the corporation None of the choices Assuming all of the following are reliably determinable, the best basis to measure the non-cash asset received by a corporation in exchange for shares issued is the:* Fair value of the non-cash asset received Market value of the shares issued Par value of the shares issued O Carrying value in the books of the shareholder of the non-cash asset contributed The characteristic of the partnership form of business that can possibly hinder long term planning for the business is the * Voluntary association Limited life Unlimited liability Mutual agency
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