Debts to be paid more than one year from now are considered short-term liabilities

Johnson Company purchased land for $30,000. The president of Johnson Company believes that the land is actually worth $35,000. The land can be recorded at $35,000

Indicate whether the statement is true or false

All of the following documentation is necessary for a publicly subscribed limited partnership EXCEPT:

A) cash flow analysis. B) subscription agreement. C) Certificate of Limited Partnership. D) partnership agreement.