Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ronnie is a general partner in Organic Oasis, a partnership consisting of the owners of an organic restaurant Organic Oasis owes money to Pete's Produce

image text in transcribed
Ronnie is a general partner in Organic Oasis, a partnership consisting of the owners of an organic restaurant Organic Oasis owes money to Pete's Produce for six weeks of deliveries. With respect to this debt, Ronnic is O a. only liable to the amount she wants to pay. Ob.only liable in proportion to the number of partners in the firm. C. not liable Od personally liable to the full extent. 2.5 points Save Answer QUESTION 18 Denise and Emily are the members (owners) of DE Electronics LLC. Unless indicated otherwise, the firm will automatically be taxed as Oa a person b. a partnership Oc a sole proprietorship. d. a corporation

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Alaskas Permanent Fund Dividend Examining Its Suitability As A Model

Authors: K. Widerquist, M. Howard

2nd Edition

0230112072, 9780230112070

More Books

Students also viewed these Accounting questions

Question

Why do you think most employers opt for the home-based salary plan?

Answered: 1 week ago