Question
In a limited partnership, limited liability means a limited partners liability for partnership debts is a. zero; limited partners are not liable for any partnership
In a limited partnership, limited liability means a limited partners liability for partnership debts is
| a. | zero; limited partners are not liable for any partnership debts | |
| b. | zero for debts originating from the actions of general partners | |
| c. | limited for partnership business debts but not for federal claims | |
| d. | limited to their investment in the partnership |
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Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
4th Edition
0470534788, 978-0470534786
