Please answer the following questions

1. One of the primary advantages of a limited liability company over a limited partnership is (A) An LLC does not need to have any general partners (B) An LP does not need to have any general partners (C)An LLC is a pass-through entity whereas an LP is not (D) An LP is a pass-through entity whereas an LLC is not 2. A property's adjusted tax basis can be describe as (A) Original Costcapital improvements- accumulated depreciation (B) Original cost - mortgage balance- sales costs (C) Sales price capital improvements- accumulated depreciation (D) Sales price - mortgage balance - sales costs 3.Which of the following describes the function of an expense stop in a lease? (A) Expenses are stopped from increasing (B)lExpenses.above the stop.are.paid for.by.the.owner (C) Expense above the stop are paid for by the tenant