The company sold a car for $1,000 in cash. The car originally cost $3,000 and accumulated depreciation is $1,500. You know that one side of the entry will post as a credit of $1,000 to cash

A ________ is an interest a creditor automatically obtains when he or she extends credit to a consumer to purchase consumer goods

A) purchase money security interest B) cumulative security interest C) future advance monetary interest D) default interest

Explain, with an example, the sharing of profits and losses in a limited partnership

What will be an ideal response?