Mumtaz, Badia and Ilya are partners in a business partnership, called MBI. Mumtaz contributes $15,000 to the business, Badia contributes $10,000 and Ilya contributes $5,000. There is no agreement of how they will share partnership profits and losses. In addition, the partnership borrows A $30,000 from the bank. The business doesn't work out, and MBI is unable to repay the loan. The bank sues Mumtaz personally. The amount Mumtaz can legally recover from Ilya is:
A) nothing
B) $5,000
C) $10,000
D) $15,000
E) $30,000
C
Business
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Whitney Chemicals Company received cash of $40,000 and issued common stock. Which of the following accounts will be credited?
A) Accounts Receivable B) Cash C) Common Stock D) Accounts Payable
Business
The asterisk (*) wildcard designator can be used to select all fields from a table as well as in WHERE clauses when an exact match is not possible
Indicate whether the statement is true or false
Business