A limited liability partnership involves:
A) a partnership in which partners who are not negligent are not personally liable for losses caused by the negligence of another partner or of an employee directly supervised by another partner;
B) a partnership in which partners who are not negligent are personally liable for losses caused by the negligence of another partner or an employee directly supervised by another partner
C) a partnership in which some of the partners limit their liability to the amount of their capital contributions and are not active in the conduct of the business
D) a partnership in which partners who are not fraudulent are not personally liable for the losses caused by the fraud of another partner
E) none of the above
A
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In 2016, Sam received the following corporate distributions: $1,500 dividend on stock held in a public corporation that offers a dividend reinvestment plan that lets him choose to use the dividend to buy (through an agent) more stock in the corporation at a price equal to its fair market value instead of receiving the dividends in cash. Sam chose to take part in the plan. $2,500 dividend on stock held in a public corporation that offers a dividend reinvestment plan that lets him choose to use the dividend to buy (through an agent) more stock in the corporation at a price less than its fair market value. The fair market value of shares Sam purchased through the plan on the dividend payment date in 2016 was $3,000. $2,000 return of capital distribution reported on Form 1099-DIV. Based on
the above information, how much ordinary dividend income must Sam report on his 2016 return? a. $4,500 b. $4,000 c. $6,000 d. $6,500
In an unsolicited proposal, the letter of transmittal should follow the pattern for
A) informative messages. B) educational messages. C) persuasive messages. D) collaborative messages.