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Home Q & A Board Other Fields Homework Help Business Accounting
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5 years ago
In which of the following ways does a limited partnership differ from a general partnership?
A) In a limited partnership, the general partner has an unlimited personal liability in the partnership; whereas in a general partnership, all partners have same level of personal liability.
B) In a limited partnership, all the partners make an equal contribution to the daily operations; whereas in a general partnership, the general partner assumes a greater responsibility of the operation.
C) In a limited partnership, there will be only one class of partners named limited partners; whereas in a general partnership, there will be only one class of partners named general partners.
D) In a limited partnership, each partner is not personally liable for the malpractice committed by another partner; whereas in a general partnership, only the general partner is personally liable for the malpractice committed by another partner.
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
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ashleyr1819ashleyr1819
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A1 Author
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5 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
deathwing
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Yesterday
Just got PERFECT on my quiz
decibul
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2 hours ago
Thanks
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