Limited partnership lp Study guides, Class notes & Summaries

Advanced Accounting Chapter 9 study guide 100% solved Partnerships - answerA partnership is defined as "an association of two or more persons to carry on a business as co-owners for profit." Partnership Advantages - answerFlexibility in defining relationships. Profits and losses, and management operating decisions, shared independent of ownership percentages. Ease of formation and dissolution. Taxes "flow-through" to the partners. Partnership Disadvantages - answerUnlimited liability...

True / False 1. Unlike most agents, each partner in a partnership has an ownership interest in the business. a. True b. False ANSWER: True 2. A partnership is a voluntary association of individuals. a. True b. False ANSWER: True 3. Most states treat a partnership as an aggregate for most purposes. a. True b. False ANSWER: False 4. A majority of the states treat a partnership as an entity for most purposes. a. True b. False ANSWER: Tru...

CAIA Level 2 Questions & Answers 10 Meta risks are qualitative risks not captured by specific and measurable financial risks. events. - ANSWER-They include organizational and human behavior, moral hazard, the misuse and excessive dependence on quantitative methods, market interaction, and extreme capital market A distressed securities strategy is most likely to earn returns from liquidity risk. - ANSWER-Global macro and equity long/short are most likely to earn returns from directional marke...

Legal Aspects - Final Exam Ch (20, 21, 22) (15, 16, 17) (18, 25) (23, 24) (26,27), Updated 2024. Agent Is a person who acts on behalf of someone else for a specific purpose Example: A lawyer acting as an agent represents a client in court, making legal decisions and taking actions on the client's behalf, such as presenting arguments and negotiating settlements. Principal Is a person whom an agent represents for a specific purpose Example: When a person hires a real estate agent to s...

CHAPTER 12 LLC and Personal Liability - correct answer No member or manager is personally liable for all debts. Piercing the corporate veil - correct answer A situation in which courts put aside limited liability and hold shareholders or directors personally liable for a corporation's actions or debts. Forming a partnership - correct answer Either an oral or written agreement must be made between partners. Written is the most formal and may include terms such as finances, management, ...

SIE Mastery Exam Practice Questions With Accurate Answers. Which of the following investments typically carries significant liquidity risk? A) T-bills B) Limited partnership C) Listed equities D) Mutual funds - answerB) Limited partnership Limited partnerships are not freely transferable and have no established secondary market. With an LP, assume you will own it through the life of the program. All the others listed have active secondary markets and are very liquid. Diversifying a por...

Meta risks are qualitative risks not captured by specific and measurable financial risks. events. - ANSWER-They include organizational and human behavior, moral hazard, the misuse and excessive dependence on quantitative methods, market interaction, and extreme capital market A distressed securities strategy is most likely to earn returns from liquidity risk. - ANSWER-Global macro and equity long/short are most likely to earn returns from directional market risks. Investor protection claus...

Series 65 Exam Prep, Over 1000 Questions And Answers, Verified Solution Name the equity securities Preferred and Common stock What is a security? Instrument that is readily exchanged for value between parties and involves risk Why are Whole and Term life insurance sand IRAs/retirement plans NOT securities? Not readily exchanged Why are confirmations and prospectus not securities? Do not have value How does one become owner of a company? buy shares in that company What distinguishes ...

SIE exam prep part 3 question and answers rated A+ fully solvedA buy stop order @ 39 could fill at which of the following prices? 38 39 40 41 A) I & II B) I, II, III, & IV C) II & III D) III & IV - correct answer B Explanation A buy stop order becomes a market order and fills at the next available price once it touches or passes through the stop price. A shareholder owns preferred shares that allow for the possibility of receiving more than the stated dividend. This type of p...

FIN 357 Exam 1 With 100% Correct And Verified Answers 2024 shareholders' Ask Price - Correct Answer-Price which market maker or specialist willing to sell security Bid Price - Correct Answer-Price which market maker of specialist willing to buy security Bid Ask Spread - Correct Answer-Amount which ask price exceeds big price C Corporation - Correct Answer-No restriction on who owns shares or number of shareholders, subject to double taxation CEO - Correct Answer-Person in charge...