In response to the inability of general partners in accounting firms to shield themselves from
large jury sums awarded plaintiffs in lawsuits that were not covered by the firm's liability
insurance,
state legislatures created a new form of business, the limited liability partnership.
TRUE
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Provide the formula for (1 ) To account for and (2 ) Accounted for
What will be an ideal response
Carlos has a small fashion company. He has been in business for a little over a year and the company looks like it is going to do very well. Carlos is in talks with Bloomingdale's and Nordstrom, and already has been doing some work with Calvin Klein. Carlos needs to raise some capital to help the company grow to keep up with the demand. What might be a good source of capital for Carlos to look into?
1. Venture capital firm 2. A bond 3. An initial stock offering