U.S. listings of publicly traded firms as a percentage of worldwide listings of such firms INCREASED from 11% in 1996 to approximately 33% in 2010

You have a 24% interest in a Limited Partnership. The partnership produces $400,000 in profits this year. You also own 30% of the shares in a Corporation. It produces $400,000 in pre-tax profits this year. Its tax rate is 20% and its payout ratio is 100%. You are in the 33% tax bracket. Which of your two investments produces more income for you?

a) the limited partnership b) the corporation c) the same d) need to know the total number of shares in the corporation

If an agent negligently causes harm while working for a principal, the agent alone must pay the damages for the harm caused

Indicate whether the statement is true or false