Author Question: A partner cannot make a general assignment of firm property for the benefit of creditors unless ... (Read 65 times)

burton19126 · **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