Question 1 Not yet answered Marked out of 1.00 P Flag question What does limited life characteristic in a partnership mean? Select one: O The life of the partnership is limited to 10 years of operation only. O Withdrawal, death, bankruptcy or disability of any of the partners will end the partnership. o Only the death of any of the partners will cause other members to end the operation of the partnership. The admission of a new partner does not end the old partnership. Question 2 Not yet answered Marked out of 1.00 Flag question The following are main characteristics of a partnership, except: Select one: O Limited life O Unlimited liability O Limited liability O Mutual agency Question 3 Not yet answered Marked out of 1.00 Flag question The partnership agreement of Saujana Impian, a business that renovates and designs residence and business premises, states the following: 1. Profit or loss form the partnership will be distributed at 4: 3:2 ratio among the partners, i.e. Syam, Fadil and Nora 2. Syam and Nora are given salary of RM4,000 a month. 3. Interest on authorized capital of 7% per year on the beginning balance of capital account. The beginning balances of the partners' capitals are as follows: Syam RM78,000 Fadil RM60,000 Nora RM55,000. After operating for 6 months in the current year, the operating profit totals RM165,000. 4. How much from the operating profit that is distributable to syam Select one: RM75,456 RM69.996 O RM22,998 RM45,966