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Author Question: A partner cannot make a general assignment of firm property for the benefit of creditors unless ... (Read 115 times)

burton19126

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on: Jun 24, 2018
A partner cannot make a general assignment of firm property for the benefit of creditors unless authorized by the other partners or unless they have abandoned the business.
  Indicate whether the statement is true or false

Question 2

Expenses of selling are subtracted out of the sales proceeds in determining the gain on the sale of property.
  Indicate whether the statement is true or false


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mcabuhat

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Reply #1 on: Jun 24, 2018
Answer to Question 1

TRUE

Answer to Question 2

TRUE


burton19126

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

pangili4

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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