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I need help on a couple of questions I missed. I took out what I know the wrong answers are 6) Which of the following

I need help on a couple of questions I missed. I took out what I know the wrong answers are

6) Which of the following is true about the concept of limited life for a partnership? :

If a partner leaves the partnership, the existing partnership ends and a new partnership must be formed

If a new partner joins the partnership, an existing partner must leave the partnership

If partners mutually agree to retire, the partnership can be handed down to the children of the partners, thereby extending the life of the partnership

8) For partnerships, which of the following is the correct definition of unlimited liability?

One partner can sign contracts for the business without the permission of other partners.

Once a partnership opens for business, it can be sued multiple times by individual partners.

If the business is sued and loses, the partners' personal assets may need to be used to settle the suit.

9.)Which of the following is true regarding partnerships?

Partners are guaranteed to recoup their initial investment

Partners are guaranteed a salary

A partnership can allocate profits based on partners' capital balances

15)

Three Sisters Beauty Salon suffered a net loss for operations in 2021. Net loss for the partnership is $108,000. The sisters do not have a written partnership agreement. What will happen to the Capital balances for the 3 partners?

The capital balances will all increase.

The capital balances will all decrease.

The net loss will be allocated to the partner with the largest capital balance.

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