Which financial statement is also called the statement of financial position?
A) The balance sheet
B) The income statement
C) The statement of cash flows
D) The statement of shareholders' equity
A
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Armer, Ltd. is a limited partnership that invests in pork bellies. To obtain additional capital, the general partners want to admit additional limited partners. Some of the existing limited partners are unhappy with their investments and want to sell their interests. The certificate and agreement of limited partnership provide no guidelines. Which of the following statements is true?
A. All partners must unanimously consent to admitting additional limited partners. B. If the limited partners may assign their interests, the general partners may admit additional limited partners without the consent of the existing limited partners. C. An assignee of a limited partnership interest becomes a limited partner. D. A limited partner must give the general partners 10 days' notice prior to assigning his or her interest.
There was a serious discussion (among, between) Marge and Dave on the future (cite, sight, site) of the state capitol
What will be an ideal response?